Five Reasons to Impact Bitcoin Prices

[trangoccho]

  -BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market.
  -Five reasons are thought to be the biggest impact on BTC pricing:
       +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
       +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
       +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
       +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
       +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.

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[boakyei]

The Bitcoins Exchange Traded Fund licence was the biggest news to have drive the market to the desired price but I think it denial by the SEC will bring the confidence mainstream investors has about bitcoins investing.

[bond07]

The  major reason that impacts Bitcoin’s price is the growing visibility of it. Online search of Bitcoin has been very high all over this month and the rate of social media posts regarding bitcoin have also helped reach a record.

[andohyeb]

There isn't any indicator to determine that if these are the real reasons why bitcoins price has been doing this in this period.

[vy99]

      +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.

I thought the decision was delayed, not that it was denied.

[AXELNetwork]

The  major reason that impacts Bitcoin’s price is the growing visibility of it. Online search of Bitcoin has been very high all over this month and the rate of social media posts regarding bitcoin have also helped reach a record.

There's also been a spike on Google Trends for Bitcoin!

[kellyscott]

If we analysis the chart of investors interest in bitcoin then that will make us acknowledge how the growth of investors interest has been increased. That is definitely a strong cause behind this.

[larrybarg]

Strong momentum also could be a reason that impacts bitcoin price. All the regulatory progress, rising growth of visibility and last but not the least investors interest these factors are being beneficial in a great way for bitcoin.

[bitcoinminer566]

Actually these reasons are very much liable for such decrease in the price. Moreover negative rumors are also spreading in the market and so the people have become panicked. I hope that such thing will not continue more and the price will hit again.

[pooya87]

the only reason that has been affecting bitcoin price for about a month now is ETF or more precisely the fear of ETF! it started as a very hyped up thing while investors knew it is a hype and weren't falling for it so the price rise due to that fake hype was small and that meant price couldn't stay up either so it came back down. at the same time there is a fear that when SEC rejects ETF price can fall so investors are deciding to stay away and be cautious and have money ready to "buy the possible dip" instead.

[worldtraveller505]

The decision taken by the SEC regarding the ETF, was the worst blow BTC could get. This has put a major impact on the market and the price has hit a drastic fall of 11%, the demand is another thing which will affect the price.

[victoryana]

Some reasons for the bitcoin price are:
Buy more if the number of buyers than the seller will make the bitcoin higher
Government policies have a huge impact on the amount of transactions and the price of bitcoins

[coinpedia240]

The biggest downfall, till now, i think is the fall of BTC, due to the denial of approval for ETF. This really got down the price, but on the brighter side, more are upcoming hearings are just round the corner, August 10, so lets hope for the best, and prices will eventually go up, to a higher state than it was before.

[MeganJenkins1212]

I do not know too many reasons, but I can give you a few reasons to affect the value of bitcoin.
The most influential factor, quite clear and obvious, is speculation. Bitcoin speculation can bring huge profits because folk often have the phrase "high doses". The risk of this currency makes it attractive to speculators. As a commodity, the value of Bitcoin is determined based on supply and demand. However, since all transactions are made based on the computer system as well as the newly excavated Bitcoin is determined by the system, this currency is extremely sensitive to fluctuations in supply and demand, which is secondary. It's a lot of speculation. When they "gather", demand will increase and vice versa, when they "discharge goods" makes the supply increase. As a result, speculation becomes the most powerful factor influencing the value of Bitcoin.
Bitcoin values ​​are also affected by the mining process. Due to its great value, it makes people invest money in expensive and modern computer systems to dig. But this factor is diminishing its influence because the initial capital will be huge while not many people have enough financial resources to take risks that the virtual currency brings. In addition, the report identifies a number of other factors that affect the value of Bitcoin: the use of Bitcoin in the payment, the supply and the price of real money in the event it is Valuated low or higher than real value.

[sidneycrypto6]

I think the ETF rejection was the most powerful incident among these which affected the BTC price badly but there will be more bitcoin ETF hearings in the coming months and hopefully one of them will get through which will cause the market to wake up again.

[mimiko]

 isn't any indicator to determine that if these are the real reasons why bitcoins price has been doing this in this period. ;DI do not know too many reasons, but I can give you a few reasons to affect the value of bitcoin

[luckyluigi]

This is the thing that amazes me the most from all the other things right now, we are having so many bull run triggers and yet we're not facing it starting, so something is wrong it feels like the pause before the storm.

[thekop12345]

 -BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market.
  -Five reasons are thought to be the biggest impact on BTC pricing:
       +HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
       +Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
       +Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
       +The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
       +Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.

Bitcoin prices plunged after the SEC announced a delay to decide whether to allow CBOE to provide the Bitcoin ETF. If approved, VanEck and SolidX may issue Bitcoin Trust shares worth around 25 Bitcoins per share. Finally, bring these stocks to institutional investors.
We can count on the decision on Sept. 30

[taylorsara]

we all knows bitcoin price is unstable, unpredictable but we never thinks why it happens many internal issues are involved with it and as well as the investors activities are also a very important reason behind the switching prices

[nmax21]

All these reasons are manipulation of the price of bitcoin. Waves create large investors - whales, and we ride them ....