Cryptocurrencies are a new form of money that uses blockchain technology to eliminate the need for centralized intermediaries such as banks and monetary institutions. The result is cheaper and faster money transfers, as well as the potential for capital gains. However, the volatility of cryptocurrencies can make investing in them a risky endeavor.
A good source of cryptocurrency news is the official website of each coin. These sites offer basic information about the coins as well as internal news and price predictions. While it is important to know the history of each coin, you should also focus on predicting its future value. This will help your readers and clients decide which coin to invest in.
Another reliable source of cryptocurrency news is TradingBeasts, which offers long-term price forecasts for different assets. However, it does not provide real-time prices for the most popular coins such as Bitcoin.
The study finds that positive and negative news sentiment affects a cryptocurrency market’s returns, volatility, and liquidity. The most significant impact is seen in young cryptocurrencies, where the effect of positive news is much stronger than that of negative news.
The research was carried out using a dataset of 3005 news headlines from Cryptocurrency World, an online news source focused on the crypto industry. Sentiment scores were determined by analyzing the text of each news headline using a lexicon-based Natural Language Processing technique. The data was then analyzed to determine the impact of positive and negative news on a cryptocurrency market’s returns, volatility, liquidity, and growth.
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