What is the main reason of the rising value of bitcoin and what are the reasons of it falling?
The reason for the rising of bitcoin value is directly proportional to market capital of the bitcoin. Now this depends on the volume of traders and investors that pops into this market on daily basis. Believe me this also depends on the how bitcoin is doing through the whole world. If there are negative things driving in the direction of bitcoin then it could lead to negative impact on the bitcoin and same thing happens with positive news.
However, reason for the current fall of the bitcoin is :
- Korean Exchangers are being implemented with new rules and regulations and hence it has stopped the major exchangers for now.
- FUD's caused because of that are making the BTC looked over!
- The market corrections as seen currently is happening.
So things in the crypto are driven by internal and external forces as it is decentralised and prone to such changes.