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### Correlation between BTC market movement based on twitter feeds related to bitcoin
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## Correlation between BTC market movement based on twitter feeds related to bitcoin
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**Tauseef Bashir**
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**by Tauseef Bashir**
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#### Executive summary
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#### Rationale
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With the growth of market capitalization of cryptocurrencies (increased from $17 billion in 2017 to $2.25 trillion in 2021), cryptocurrencies remain incredibly volatile, with their value impacted by a multitude of factors: market trends, politics, technology…and Twitter. There have been instances where their prices were affected by tweets by famous personalities (Links to an external site.).
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With the growth of market capitalization of cryptocurrencies (increased from $17 billion in 2017 to $2.25 trillion in 2021), cryptocurrencies remain incredibly volatile, with their value impacted by a multitude of factors: market trends, politics, technology…and Twitter. There have been instances where their prices were affected by tweets by famous personalities and the general public.
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I plan to analyze trends over time, particularly the impact of social media on the price volatility of a crypto asset, such as Bitcoin (BTC).
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