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Bitcoin Price Moves In Tandem With Regulatory Actions, Report Says



A report released by the Federal Reserve Bank of Dallas is trying to shed some light on Bitcoin price hikes. According to the report, Bitcoin is not as wild as people might think and it’s constantly reacting to news related to regulatory actions like bans on crypto or securities laws.

The study was conducted using a standard event study methodology (Campbell et al (1996)) to asses the impact of news events on the price of Bitcoin as well as on other cryptocurrencies.

“We find that favourable events coincide on average with a 0.33% return in the 120 minutes around ...

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