New report finds 15 major factors that cause crypto prices to rally

EToro, the major multi-asset brokerage, released a crypto market quarterly report for Q3 2020.

The 15 "Significant developments" that directly affect the value of a crypto asset include mergers, funding, halving, partnerships, staking and announcements.

How long do crypto assets rally after announcements?

According to data from eToro and The Tie, crypto assets typically rise the most over a period of a week after any type of announcement is made.

On the first day of an announcement, crypto assets are likely to rise by 0.8% to 1.3%. It is understandable that cryptocurrencies increase more throughout the day than the first hour as news spreads.

Throughout the first week of an announcement, crypto assets often rise by 2% to 8.2%, the most out of all timeframes.

The average price change of crypto assets after a significant development.

The probability of a crypto asset's price surge after a significant development.

The data provides a unique insight into the type of fundamental factors that influence the price of crypto assets.

The report shows that project-related announcements usually have a strong impact on the price of the pertaining crypto assets.