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Cryptocurrencies are significantly affected by ongoing events around the world, whether political, economic, or geopolitical. For example, tensions between major countries or regulatory decisions from governments can cause sharp fluctuations in the prices of currencies like Bitcoin and Ethereum. Additionally, movements by central banks, such as raising or lowering interest rates, directly impact investor appetite for digital assets. Digital markets also experience volatility upon the release of news related to hacks or cybercrimes. Conversely, positive developments such as the adoption of cryptocurrencies by major companies or their inclusion in financial funds can lead to significant price increases. Therefore, following the news in real-time is essential for investors.

Source:

CoinDesk

Investopedia – Cryptocurrency