CMT Digital’s head of trading, Brad Koeppen, agreed. Cryptocurrency markets are almost uniquely vulnerable to gossip and sentiment swings, he said. The correlation between public personas and trading activity isn’t always apparent from public exchange data, especially for tokens with identifiable figureheads like Binance’s BNB (CZ) and Tron’s TRX (founder Justin Sun), Koeppen said.
- Bitcoin: Extreme Fear Amongst Investors May Signal That a Trend Shift is Imminent
- A Bitcoiner in the Senate? Is Bakkt CEO in US Govt. Good or Bad for Crypto?