RATE Group | Mainstream Media Coverage of Bitcoin Goes up as Price Falls: Survey
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Mainstream Media Coverage of Bitcoin Goes up as Price Falls: Survey

30 Nov Mainstream Media Coverage of Bitcoin Goes up as Price Falls: Survey

Posted at 20:42h in Bitcoin News by

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Research suggests that when it comes to covering bitcoin, bad news sells.

According to a study conducted by blockchain firm Clovr, the coverage of bitcoin by the mainstream media peaked at the time when the cryptocurrency fell from its all-time high at the beginning of this year.

While coverage of bitcoin by the mainstream media was also high during the run-up to the historic price high, it was not as high as in the aftermath of the price crashing, the Clovr report noted. The same pattern of coverage being heightened during other notable price declines also repeated itself in the first seven months of this year:

“The appeal of reporting disaster might explain more recent trends in coverage as well; in May and June 2018, for example, a slide in value correlated with a temporary increase in articles.”

Who is to Blame?

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