Study Shows Surprising Link Between Bitcoin Price and Social Media

[kreslik.news]

It seems to be common sense that cryptocurrency prices are influenced by social media; the regularcriticism levelled at famous people for their alleged ‘pumping‘ of a given cryptocurrency’s price are testament to that. But are price jumps and social media buzz really correlated? Until now, no-one had used scientific methods to prove that a link actually exists.

New research now tells us that we were partly right – social media does affect cryptocurrency prices, but it isn’t necessarily the most well-known people that are responsible are .

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