#NewsTrade
Staying updated with live market news is of crucial importance as it is a major turner behind price movements when it comes to trading. Central Bank announcements are key particularly from the Fed, European Central Bank or other major ones in terms of interest rate decisions. These affect currency and crypto markets so directly These are affected by news and economic indicators such like CPI data for inflation, U.S. Non-Farm Payrolls reports, employment statistics, and GDP figures such as those from the Bureau of Economic Analysis can all influence investor sentiment. In addition, geopolitical events (e.g., conflicts, sanctions, or elections) can cause sudden market volatility. Sometimes there will be abrupt movements in the crypto market due to news of regulatory changes, or an ETF aproval, major exchange hack, etc. The first example is when BTC started to skyrocket after SEC approved Bitcoin ETF, sign of institutional confidence. Traders who stay informed and react to these messages have an enormous advantage. Timeframe and context, in the right amount and risk management are key when trading on news.
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I also check crypto news all the time via apps, Binance Square, CoinGecko, CoinMarketCap, CryptoPanic etc regularly. So basically what I really follow is the movement of whales. The fact that he moves, he is undeniable if the market is affected. That's probably why I own the news at all times the most recommended.
