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Market sentiment, especially in the cryptocurrency space, can shift rapidly due to news and social media. Positive news, like a major exchange listing or adoption by big companies, can lead to a surge in buying activity, driving prices up. Conversely, negative news, such as regulatory crackdowns or security breaches, often causes panic selling and sharp price declines. Social media amplifies this effect, with influencers, rumors, or viral posts quickly swaying retail investor sentiment. As the crypto market is highly reactive to sentiment, these fluctuations often lead to increased price volatility.
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