The crypto market is currently reacting more to negative news than positive news, according to a report by on-chain analytics platform Nansen. Negative news has triggered volatility, providing trading opportunities for some. The report highlights the need for more positive news on technology companies' earnings, especially in light of recent disruptions to leading US AI entities. The "buy the rumor, sell the news" narrative has been observed in both the crypto and stock markets. Despite this, Nansen believes that the market is still in a bull season and sees volatility as an opportunity. The policy backdrop for crypto has also been positive, with the annulment of the SEC's accounting rule, SAB 121.
Content Editor ( cryptopotato.com )
- 2025-02-02
Crypto Market Reacts More to FUD Than Positive News: Nansen
