6 hours ago
38
The news created a buying frenzy, but it quickly faded. By the end of the day, nearly all gains were gone. Only Ada (Cardano) and XRP (Ripple) held on to some of their gains.
It was a day trader’s dream day, though, as
Bitcoin spiked 11% within six hours.
Ethereum spiked 20% within eight hours.
XRP spiked 35% within nine hours.
ADA spiked nearly 80% within nine hours.
Sol spiked 28% within nine hours.
Insert story: News moves the market, as March 3, 2025 cleared showed.
However, emotion drives the market, and by the end of the day, the news was old, and the feelings had soured.
I point this out for three reasons.
1 — The Crypto market isn’t different from any other financial market — news sells.
2 — Many investors buy the news but sell on emotion. As soon as the sentiment shifts, they panic and sell.
3 — Investors see the value of the Cryptoverse and are eager to get in.
English (US) ·