Paradigm Co-founder: In the cryptocurrency world, no news is bad news
Bitcoin experienced fluctuations on Tuesday, indicating that traders are nervous before the release of US inflation data and the Federal Reserve's monetary policy decision. As of the time of writing, BTC fell by 1.64% to around $68,300, and Ethereum and other smaller tokens also fell. Anand Gomes, co-founder of Paradigm, said that in the cryptocurrency field, no news is bad news. The market is like an addict, constantly needing positive news to sustain its vitality. Therefore, when there is no positive news, the path of least resistance is lower.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC Volume Hits New High on 4H as Price Holds $104K Level
Circle's market value exceeds $40 billion, exceeding 60% of USDC circulation
Spokane, Washington bans Bitcoin ATMs amid surge in cryptocurrency scams
Spokane, Washington bans Bitcoin ATMs in response to surge in cryptocurrency scams
Trending news
MoreCrypto prices
More
