This article talks about how crypto currency, like Bitcoin and Ethereum, can be affected by what happens in the regular stock markets. Sometimes, when the regular stock markets close, they can cause big changes in the prices of crypto currencies before they open again. This is called the "overnight effect". The article says that even though crypto currency markets are always open, they might still be influenced by what happens in the regular stock markets during their opening hours. It's like when you throw a stone into a pond and it creates ripples that spread out to the edges of the water. Read from source...
- The title is misleading and sensationalized. It implies a causal relationship between Wall Street's ghost and crypto's escape, when in fact the article does not provide any evidence or argument for such a claim. A more accurate title would be something like "How The Overnight Effect In Traditional Markets Affects Crypto Prices".
- The first paragraph is vague and confusing. It uses the term "shockwaves" without defining what it means or how it affects crypto prices. It also mentions the "overnight effect" as a trigger for price swings, but does not explain how or why this happens. A better way to write this paragraph would be to provide some examples of specific events or incidents that have caused shockwaves in crypto markets due to the overnight effect in traditional markets.
- The second paragraph introduces a study by the Federal Reserve Bank of New York, but does not cite it or provide any details about its methods, data, or conclusions. This makes it difficult for readers to verify or evaluate the validity and relevance of this study. A more responsible way to write this paragraph would be to cite the source, summarize the main findings, and explain how they relate to the topic of the article.
- The third paragraph uses ambiguous terms like "ripple effect" and "aftershocks", which are not clearly defined or supported by any evidence. It also makes a sweeping generalization that crypto markets operate around the clock, without acknowledging the different time zones, exchanges, and protocols that exist within the crypto ecosystem. A more accurate way to write this paragraph would be to specify which crypto markets are affected by the overnight effect in traditional markets, how, and why. It could also mention some of the factors that influence crypto prices independent of traditional markets, such as network effects, adoption, regulation, etc.