A new study by eToro, a global and recognized multi-asset trading platform, and The TIE, a premier provider of alternative data for digital assets, breaks down what actually influences the prices of crypto assets.

The detailed study looks at each major asset over a period of time and evaluates various factors in order to offer a comprehensive analysis of how markets react.

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The study has identified 15 reasons that are likely to affect the price of a crypto asset over a period of one hour, one day, and one week.

Check out the list of reasons and the timelines for each below:

Reason                                          1 Hr             1 Day                 1 Week

• Mergers & Acquisitions      –    45%               65%                    90%  
• Funding                              –     50%               45%                    60%
• Halving                               –     54.6%            57.4%                 57.8%
• Employment Changes        –     46%               56.1%                55.4%
• Partnership                        –    53.9%             58.4%                53.9%
• Staking                               –    47.4%             55.5%                53.6%
• Announcements                  –   49.7%             54.1%                53.5%
• Illicit Activity                      –    45%               53.2%                53.2%
• Listing                                –     51.4%             52.5%               50.4%
• Token Burn                         –    83.3%             100%                 50%
• Fork                                    –    37.7%             48.3%                48.3%
• Regulatory                          –    47.6%             49.7%                 47.2%
• Mainnet Launches/Upgrades – 51.3%             57.6%                47.1%
• Airdrop                                 –    44.4%             43.7%                 45%
• 51% Attach                          –   27.1%             33.3%                20.8%

Below is a summary of the study:

• There is a guaranteed rise in price one day after a token burn either due to deflationary pressure in the longer term, or because the gains for token burns will be more sustainable, all else equal
• Mergers and acquisitions are almost a guarantee that the price will rise after one week due to the nature of such news which are generally tightly held secrets.
• Regulatory announcements tend to have a larger effect on price when they come from news outlets and they are most trusted when the come from official sources

Check out the full study report here.

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