Why politics affects the crypto market?
The simplest answer would be to understand what crypto is in the first place. Its pretty much evident from the recent assassination attempt of Trump (#TRUMP ) and support of Elon Musk (#BTC ) and Justin Sun (#Tron ) has led to significant rise in the prices of certain crypto including BTC, ETH & TRUMP meme coin among others. That is one example of it. Various events in history is evident of the very fact that people react to events that they relate or support. The reason is, Crypto is people's money. The whole idea behind crypto is to build a fin-tech infrastructure which is owned and governed by the people. And also it is undeniably true that politics has a direct correlation with the people. Therefore, it is obvious that any major political event or incident which people can relate will definately impact the crypto market either making it bullish or bearish. I hope that answers your question. Comment for more questions, i will try my best to answer it in the most easy to understand way as possible. #BinanceTurns7 #supportweb3