Bitcoin Price: What Factors Impact it?

Written by usachova | Published 2022/10/25
Tech Story Tags: bitcoin | bitcoin-price | cryptocurrency | crypto | crypto-bear-market | bull-market | btc | btc-price

TLDRThe Bitcoin price is very volatile and changes drastically within a very short time. What factors impact it? Normally, we mention demand, supply, regulation, competition, consumer price index, federal funds rate, and maybe a couple of other factors. But what is behind them? Liquidity moves the market. When there is enough liquidity, the prices grow. When liquidity is lacking, the prices drop. via the TL;DR App

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Written by usachova | Crypto Lover
Published by HackerNoon on 2022/10/25