What causes the bitcoin price to go up/down?
What causes the bitcoin price to go up/down?
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When a lot of invest or sell drops the price of bitcoin, when it moves, the price is steady, but it will increase rapidly and slowly again. That's right, when the price goes down it will rise.
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Its movement has been driven by the market demand. The Law and supply demand.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
News announcements also somehow indirectly affect the movement of bitcoin. Since investors take actions when economic news are released, it affects the price of bitcoin.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.