name what's affecting the cryptocurrency price

[deadsilent]

It's because of China issues an order to stop all exchanges operation on entire country. China is the population of traders in crypto industry. Before that, China delisted a lot of cryptos on exchanges and ban all ICOs. Other financial institutions are spreading FUDs and scare people. It will shake off all noobs. Now we see most of coins in the market are declining. We can't do anything about it. Just hold your coins and hope for fast recovery of the price.

[francedeni]

hi there
can you name what's affecting the cryptocurrency price?
from what i know it's the supply & demand, technology and team behind the coin, and regulation.

if you name what's affecting the price please elaborate so maybe we can learn new things from you're insights

The main factors that affects the price of Bitcoin is the supply and demand, that is because Bitcoin is decentralized. And since the price depends on the demand and supply, Bitcoin's price is very volatile. The issues happening, bad/good news about Bitcoin, FUDs and trolls, they are all factors that affects the demand and supply. So basically, they are just an external factor for Bitcoin's price.

Well this is the mainly reasons why cryptocurrency price makes it dump. The supply and demand usually because this is the important in cryptocurrency world to make it works.