I have just been recently trying to know how our legend crypto (Bitcoin) price determined. I really need to know more about this. Pls how is the price determined from time to time?
A lot of factors come to play in the determination of the price of BTC. Governmental regulations and the banks have an impact on the price of BTC. As the governments and banks continue to spread FUD in the people, it wards off investors.
Also, buying and selling on an exchange can determine the price of BTC. Here, both bad players and good players have a role to play. On an exchange where buyers are willing to buy at a particular high price, the BTC price will rise and vice versa.