♥️ Who controls Bitcoin prices? What is the relationship of market makers with prices? In short, they control the market.
1- Supply and demand: The price of Bitcoin is affected by the balance of supply and demand in the market. When demand for Bitcoin increases and available supply decreases, its price may rise. Conversely, when supply increases and demand decreases, its price may decrease.
2- Statements by the US Federal Reserve and the relevant regulatory authorities: These statements greatly affect the prices of cryptocurrencies, and some of them may be artificial and aim to harm the market and lower prices, especially since this field is not regulated by clear laws.
3- News and economic events: Important economic news and events can affect the price of Bitcoin. For example, government or regulatory announcements regarding digital currency-related legislation, global economic events such as financial crises, or media reports affecting Bitcoin's reputation can lead to price fluctuations.
4- Bitcoin adoption: The more Bitcoin is able to be adopted and used as a means of payment, the more individuals and companies will be interested in it. Therefore, the demand for Bitcoin can increase and affect its price.
5- Government regulations: Determining the laws and regulations related to digital currencies and Bitcoin can affect their prices. Strict regulation or ban by a particular government may lead to a decline in the price, while legal recognition and positive regulation may lead to increased trust, increased usage and thus increased demand for Bitcoin.
6- American financial and monetary policy: No one disagrees that the monetary and financial policy of the United States, and what is related to raising or lowering interest rates, has a very large impact on all markets, especially digital currencies. Raising interest rates would negatively affect Bitcoin prices, vice versa.
7- Technology developments and innovation: Any improvements in Bitcoin technology or new ways of use and adoption can positively impact its price. For example, the release of significant updates to the Bitcoin protocol or advances in security technologies may boost trust and attract more investors and users.
Note:
It must be taken into account that the digital market, especially the Bitcoin market, is inherently volatile and susceptible to multiple influences. It is always advisable to evaluate information from reliable sources and do a comprehensive analysis before making a buying or selling decision.