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The Impact of Public Perception on Crypto Market Events
Events in the crypto market can vary in impact based on their publicity and how they are perceived by the public. Comparing the FTX blow up to the Mt. Gox incident in 2014, even though Mt. Gox had a higher percentage of crypto market cap loss, the FTX incident garnered more public attention due to its flashy nature and the involvement of prominent figures. The public consciousness and the level of drama surrounding an event can significantly influence its lasting impact on the market and how it resonates with people.