Bitcoin's price is highly volatile, often experiencing significant fluctuations within short periods. Its value is influenced by various factors, including market demand, investor sentiment, regulatory news, technological advancements, macroeconomic trends, and media coverage. The price of Bitcoin is typically quoted in major fiat currencies like USD, EUR, or JPY. Historical price data shows dramatic peaks and troughs, reflecting its speculative nature and the influence of external events, such as changes in regulations or major market movements. As of 2024, Bitcoin remains a leading cryptocurrency by market capitalization and continues to attract attention from both retail and institutional investors.
