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What are the reasons for the rise and fall of Bitcoin (What controls the rise and fall of Bitcoin)

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What are the reasons for the rise and fall of Bitcoin? There are several main f

What are the reasons for the rise and fall of Bitcoin (What controls the rise and fall of Bitcoin)

What are the reasons for the rise and fall of Bitcoin? There are several main factors: 1. Recent market fluctuations have been significant, with a large decline in price after a previous sharp drop. 2. The price of Bitcoin has recently rebounded. 3. Due to the rapid and prolonged rise in price in the early stages, there is a growing demand in the market to sell and cash out for profit, causing capital outflows. 4. With the popularity of the cryptocurrency market and the continuous introduction of measures by global regulatory agencies, some investors have shifted their attention to Bitcoin.

What controls the rise and fall of Bitcoin

According to CCN, since early March, the rise and fall of Bitcoin has been determined by individual investors and speculators. Participants in the cryptocurrency market typically influence prices for various reasons. The most famous is “institutional investment,” where they hope to make large purchases of Bitcoin; next are the “big players” because their trading capabilities exceed other asset classes; and finally, it is the risk preference that people are unwilling to accept: as more and more people pay attention to cryptocurrencies, they are seeking to enter this field. In addition, some people view it as a disaster because Bitcoin is regarded as a means of value storage, making it likely to become a tool for hedging against inflation.

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