Crypto markets don't always follow specific rules. Sometimes it moves the market up or down based on positive or negative news. Especially those who are big stars or celebrities are sometimes pumped or dumped based on their comments or their statements. We all know how positive or negative news affects the market. For example, when US President Donald Trump explained his clear views on crypto yesterday, this view had a great impact on the crypto market. As yesterday we saw its price below 85 thousand dollars. When Donald Trump made his comments, the price of Bitcoin rose to $95,000 in an instant. Just think that the price of Bitcoin increased up to 10 thousand dollars after such news came to the market.
[source](https://pixabay.com/photos/trading-blockchain-cryptocurrency-6531134/)
Yesterday President Trump said that of course Bitcoin and Ether are very valuable coins and that these two coins are the heart of the reserve asset. And also he claims that these two coins namely Bitcoin and Ether are his favorite coins. As soon as this news hit the market, the price of Bitcoin rose to over $10,000. Not only has the price of Bitcoin increased yesterday, other coins besides Bitcoin have also increased by a large amount. Like $ADA , $XRP , $SOL and other coins, the growth was noticeable. Such is the effect when any good news comes in the market. As we have seen in the past when Elon Musk publishes a tweet about one of his coins, the price of the coins immediately increases by a huge amount.
One can take from this that it is an inspiration for those who have been afraid for so long that the bull fight will not come and that the price of Bitcoin may fall again to below 50 thousand dollars. If the price of Bitcoin can break the resistance of $95,000 from the current position, then we can see another good movement. Although there is no negative news in the market at the moment. Hope to see something better soon. So many times we should keep an eye on the market along with adopting all kinds of strategies. So that whatever positive or negative news comes, we can take action accordingly. Of course, the price of Bitcoin will increase a lot in the future. Then it will be seen that the prices of the other coins which are also there have increased a lot. Our desired bull market will start and give us a good return, removing all our frustrations.
