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Does regulation related news have an impact on bitcoin? 

Does regulation related news have an impact on bitcoin? 
  • Regulation is a big thing in the industry. 
  • There are many topics and related stories on lawmakers and regulators.
  • When it comes to the crypto space, digital assets such as bitcoin I’m not controlled by a single jurisdiction.

Regulation is a big thing in the industry. There are many topics and related stories on lawmakers and regulators. When it comes to the crypto space, digital assets such as bitcoin I’m not controlled by a single jurisdiction. But national regulations do you have somewhat of an impact on the assets and selves. According to a recent report from the Federal reserve bank of Dallas, bitcoin has seen some significant corrections in terms of its price over the past few years. The report looks into anti-money-laundering, platform controls, issuance of regulations and newly, central bank digital currencies.

Another study on a similar topic looked into 120 regulation related news from 2017 and 2018. The report is estimated that the direct impact of each regulatory event on the price of around 300 cryptocurrencies.

The news study noticed that in regards to the issuance of central bank digital currencies, the bitcoin price dropped by just shy of 2%. After news broke of China’s attempt of its own central currency, the price of BTC dropped 6% on the 16th of April this year.

 It’s well known that news has had an impact on cryptocurrency and specifically bitcoin over the past few years. Whether it was an ETF that was denied/delayed, leading crypto coin has changed in one way or another. As the weather regulation related news has a direct impact on bitcoin is another question. There are several factors at play so it’s hard to pinpoint what causes the fluctuations in price. One report found that the risk concerns and broad value judgments in regards to digital assets publicly expressed by officials in government didn’t have an effect on bitcoin at all.

For more news on this, the BTC price and other crypto updates, keep it with CryptoDaily!

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