The encryption market interacts with FUD more than positive news: Nansen
A new report issued by the platform for analyzes on the Nansen series revealed that the encryption market appears saturated at the present time and interacts with negative feelings more than positive news. The report discussed the latest orders of the US CEO Donald Trump, the Federal Reserve, and SAGA AI (AI), which is carrying out this week.
The reaction to the negative news sparked the fluctuation, giving some opportunities for traders to enter the market at more attractive levels. However, Nanson Insist The industry needs more good news about the profits of technology companies, especially with the vibration of the leading artificial intelligence entities in the United States.
The market interacts with negative news
Nanson suspected that the novel “Buying Rumors, Selling News” was playing in both encryption and securities markets. President Trump signed an executive for encryption last week, but what followed it was a watering and watering action by Bitcoin (BTC) and the rest of the digital asset market.
In addition, the ELON Musk (DOGE) government competency initiative to think about using the General Blockchain group to track and manage public expenditures, but the encryption market often ignored this news.
On the contrary, earlier this week, the Deepseek AI story sparked a tremendous correction in the inventory related to prosecution and encrypted assets. Although prices are slightly reduced, the market has interacted with negative news more than positive ads. Even the recovery was “somewhat shy”, in the words of Nansen. The company said that the confidence of buyers has eroded, which is evident in the price and size.
“It is still a fragile, psychological market, with confidence in narrating artificial intelligence to some extent. This is important for the origins of other risk due to the dominance of the prosecution’s stock in performance and the maximum of the market for two years. We need more good news about profits.
Positive policy background
Regardless of the condition of the encryption market, Nanson believes that this is still a bull season and sees the volatility. Also, the policy background of the encryption was positive, and it is an emerging mark mark.
Among other things, the Special Accounting Base has been canceled by the American Securities and Stock Exchange Committee, SAB 121. This base imposes entities that coded guard so that customers can report assets as opponents on their public budgets. The agency has now adopted SAB 122, which will remove the large capital costs that the banks have published to the assets of custody encryption for customers.
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