I’ve come across the term ‘catalyst’ a few times while reading some of the threads on this forum. It seems like it’s often used in the context of significant events or developments that have an influence on the price of a certain cryptocurrency. However, I didn’t manage to find a precise definition. Could someone please explain the term to me in detail?
Just to provide a little more information about what specifically I’m curious about: I’m mostly wondering how a catalyst is different from normal market influences. Is there a certain size or impact that an event or development has to have to be considered a catalyst?
Additionally, it would be helpful if you could provide some examples of typical catalysts in the cryptocurrency market. I have a basic understanding of the concept, but I’m hoping to gain more depth to fully understand the interplay of these factors in the crypto market.