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26 October 2020

New report finds 15 major factors that cause crypto prices to rally

New report finds 15 major factors that cause crypto prices to rally


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The researchers analyzed how crypto assets perform after one hour, one day, and one week after the developments occur.

According to data from eToro and The Tie, crypto assets typically rise the most over a period of a week after any type of announcement is made.

Throughout the first week of an announcement, crypto assets often rise by 2% to 8.2%, the most out of all timeframes.

The researchers at eToro also found that mergers and acquisitions also lead to a 90% chance of a positive return throughout the week.

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cointelegraph.com
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