What determines the price of Bitcoin?
The market forces of supply and demand affect the price of Bitcoin. When there are more sellers, the price usually goes down and vice versa. Bitcoin prices are also affected by factors such as media coverage, investor sentiment, and regulatory news, resulting in rapid price fluctuations. The market dynamics of supply and demand, which affect the prices of other goods and services, also determine the price of Bitcoin.
The market forces of supply and demand affect the price of Bitcoin. When there are more sellers, the price usually goes down and vice versa. Bitcoin prices are also affected by factors such as media coverage, investor sentiment, and regulatory news, resulting in rapid price fluctuations. The market dynamics of supply and demand, which affect the prices of other goods and services, also determine the price of Bitcoin.
BTC1.15%
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