what factors are heavily affecting its declining bitcoin exchange rate ?????

[Polly.Nochka]

If bitcoin falls in price to $ 3000 or less, then, undoubtedly, you will need to buy. Do not hesitate!) Do you think that this is possible?

[stimliall]

The price of BTC is more dependent on the supply and demand relationship in the market.
The government’s tightening of cryptocurrency regulation this year has caused investors to panic on cryptocurrencies. Selling BTCs in their hands has seriously affected BTC’s prices!

[takadada]

These factors greatly affect the exchange rate of its bitcoin:
- Factor 1: Difference in Inflation
As a general rule, a country with a low inflation rate will have increased monetary value as its purchasing power increases relative to other currencies. Countries with higher inflation often find their currency values ​​lower than their trading counterparts.
- Factor 2: Interest Rate Difference
By adjusting interest rates, central banks affect both inflation and exchange rates. Higher interest rates make it possible for lenders to have higher returns than other countries. However, if the nation's inflation is much higher than other countries can reduce their monetary value. The opposite is the same.