Nansen report reveals digital currency market's reaction to negative news. Positive financial reports needed to restore trust. Current market fluctuations seen as a chance to enter.
According to a new report by the Nansen analytics platform, the digital currency market currently reacts more to negative news than positive news. The report, analyzing the market’s response to recent executive orders by Donald Trump and news related to artificial intelligence, shows that even positive news like Elon Musk’s initiative to use blockchain in public expenditure management has not had much impact on the market. Nansen believes the market is psychologically fragile and to regain buyers’ trust, it needs more positive financial reports. However, the company emphasizes that we are still in a bullish market and the current fluctuations can be an opportunity to enter the market.
