#HotTrends #ETH #BTC

Factors that affect the $BTC price.

1.Demand and supply: Unlike fiat currencies such as Euro and US Dollar Bitcoin is not defined by single entity like a central bank. The $BTC price is influenced by supply and demand, when there is more demand the price goes up, whenever there is less demand the price goes down.

2.Competition with other cryptocurrencies: as$BTC price and volatility increases the demand for other crypto projects increases.

3.News: cryptocurrencies are mostly affected by the news, positive news gives green signal to enter into the market Where's as negative news impacts adversely

4.Volume: increase in volume suggests more participants are involved, and are trying to make the trend continue

5.Govt regulation and media hype: regulation is among the key factors which affects the Bitcoin price.

what do you think about today? #Pump🟢 or #dump

bullish
62%
bearish
38%
47 votos • Votación cerrada