News Announcement Study

Welcome to our Data Report on the News Announcement Study.

Welcome to our Data Report on the News Announcement Study.

Key Takeaways

• We proposed a method to examine tokens’ price movement before and after news announcement;
• 20 hand-picked events (across 17 tokens) from 2019 June to 2019 December were used;
• Price momentum effect lasts for the first 20 minutes after announcement;
• Price persistency effect lasts for at least 1 day after announcement;
• There are no strong evidences that price movement occurred prior to announcement.

Read the full version of the News Announcement Study Report here.