What Can Affect the Cryptocurrency Price

[ladydark]

Crypto currency price is mainly determined by the increase and decrease in demand for those currencies.But nowadays FUD play a major role in affecting the crypto currency price and hence it is widely used as a tool by big whales for manipulating the price.Also the major decisions taken by governments regarding legalizing or banning cryptos also affect the price.

[1713286436]

1713286436

[1713286436]

1713286436

[1713286436]

1713286436

[Alpinat]

There are so many helpful statement in that article but actually there are so many more reasons why the cryptocurrency is increasing and decreasing it is because that those people in the world that has a influence to people to not promote cryptocurrency it is one of the main cause why btc and other crypto decreases and increases as well.

[wumBowo]

at first i thought this was a question thread until i read the content,

in general, we know that NEWS is the one that can really affect the cryptocurrency price

[Ctn]

Indeed. But this is the only reason which makes the bitcoin and altcoins work just fine in terms of giving us the profits. Now just look at the market it self, if you have put some bucks in the BTC early this morning then you could have ended up earning at least 10-12% of margin profits thus making some $$. This is how it works, the volatility has to be there and no matter what are the reasons for it.

I cant agree more on the stability of the bitcoin where people keep cursing for its instability. Its better to have them likewise and keep blessing that they never get stabilised. Lolz.

[joebrook]

at first i thought this was a question thread until i read the content,

in general, we know that NEWS is the one that can really affect the cryptocurrency price

Even though the crypto currency is different from the traditional markets, one cannot deny that they are bound by a lot of similarities which includes the markets being affected by FUD and sometimes governments. At the moment fake bad news is the number one doom of the crypto market.

[Betheng10]

Law of supply and demand. If there's a large supply of token in the market, it might mean that production of the tokens is too much or simply no one has interest in buying it.

If the demand is way too high beyond supply, price of the token will soar high. Of course it's possible if the project was a success and a lot haas became interested by it.

Project's success still determine the price in the long run.