the internet computer cryptocurrency lost 3% of its value in one day. This is a big decrease and not what it has been doing for the past week, where it was growing. The people who made this news didn't say why it happened, but it's important because it affects how much the cryptocurrency is worth. Read from source...
1. Inconsistencies: The article mentioned that Internet Computer has experienced a decrease of 3.78% over the past 24 hours, yet it also stated that the coin had an up-trend of 9.0% over the past week. These two statements are contradictory and can lead to confusion for readers.
2. Biases: The article was focused mainly on the negative aspects of Internet Computer's performance, like the price decrease and the trading volume decrease. However, there was a lack of balance as the article did not discuss any positive aspects of the coin, such as its potential for growth or its innovative technology.
3. Irrational arguments: The article used Bollinger Bands to measure the volatility for both the daily and weekly price movements, but the gray area representing the volatility seemed to be too large for the given price movements. This could lead readers to believe that the coin's price is more volatile than it actually is.
4. Emotional behavior: The article's tone was somewhat sensational, using phrases like "cryptocurrency Internet computer decreases more than 3% within 24 hours" to grab readers' attention. While this may be effective for some readers, it can also create an unnecessary sense of panic or fear around the coin's performance.
Overall, while the article provided some useful information about Internet Computer's recent price movement, it would have benefited from more balanced coverage and a more objective, rational presentation of the data.
Bearish
Reasoning: The article reports that the price of the cryptocurrency 'Internet Computer' has decreased by 3.78% over the past 24 hours, which is a negative price movement. Additionally, the trading volume for the coin has decreased over the past week, which indicates potential bearish sentiment in the market.