Definition ∞ Short-term impact refers to the immediate and observable effects of an event, policy, or market development over a brief period. These effects typically manifest quickly and may or may not persist over longer durations. It concerns the immediate reaction or consequence within a limited timeframe, often measured in hours or days.
Context ∞ In cryptocurrency markets, news events such as regulatory announcements, major hacks, or celebrity endorsements can cause significant short-term impact on asset prices and trading volumes. While these immediate reactions are often volatile, they do not always dictate long-term market trends or fundamental value. Crypto news frequently analyzes these immediate market fluctuations to inform traders.