In January, Bitcoin fell by $ 9,000 (approaching $ 8,000 in the first days of February). Bitcoin had a particularly difficult month and a half if it was considered that in mid-December, the coin peaked at $ 20,000

The market took shots afterwards in the days which have followed its downfall, the only problem is that some of these catalysing factors have been paper tigers or worse, false news.

In a speculative market like that of Bitcoin, which hosted a massive influx of relatively clueless speculators into the hype. rush to $ 20,000, bad news is particularly bad and hurt investor confidence.

South Korean Confusion

In mid-January, there was a wave of confusion in South Korea. Bitcoin hub in the east, as the Justice Department, which independently announced plans to ban cryptocurrency trading.

That sent panic across the markets, in the same way as when China announced it bannin

However, it has since been cleared by much higher authorities , and in fact, the sentiment of South Korea has been rather positive following this market alert. In fact, this move was even considered an insider hit as many fought against the supposed FUD attack.

Regardless of the clearing and the clouds separating from the Asian nation, the damage was still done. Markets managed to pull back a bit, but there was soon more damaging news of dubious integrity to send speculators fleeing.

Old news

In the United States, fear, uncertainty and doubt showed his face when it appeared that there was a subpoena for Bitfinex and Tether. The first was a major exchange and the second a symbolic transmitter

This sent waves of panic into the community, again showing that the regulators who were classified as number one enemies, stood and settled .

According to the report, the Commodity Futures Trading Commission sent assignments to these two companies, which, strangely, were not even US-based companies, also drawing on other issues on the skill.

However, after the market took a 11% drop in the news, it appeared that these assignments had already been issued in early December, according to Nathaniel Popper, a New York Times reporter.

the effect of the negative news was apparent, and its validity seemed unimportant since the markets doubled for a reason that was not even relevant or related.

To read correctly

The last episode of disinformation His message on the markets came out of India where a simple case of misinterpretation has caused even more panic.

The mainstream media, rushing to spread the news, apparently misunderstood a government speech on regulation. The line in question, from Finance Minister Arun Jaitley, read as follows:

"The government does not recognize cryptocurrency as legal tender and will take all measures to eliminate the use of these cryptographic assets in illegitimate financing "

However, this was later explored:" Arun Jaitley has just killed the party of Indian cryptocurrency ", by a Quartz article on the subject

The line in the equation indicates that regulators in India aim to eliminate the use of cryptocurrencies to fund illegal activities, but avoid mentioning the full legality of digital currencies.

The World Needs Good News

There can be no doubt about the power of persuasion and the extent to which bad news can affect such a speculative market as that of Bitcoin And, to this end, as more bad news, false, real, old or late, piled on top of an already fragile trust, the damage is exaggerated.

Many hope that a single piece of positivity has reason for all the wrongs that have been inflicted on the digital currency and the market to react accordingly. However, what this news might be remains a mystery.