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 ....

[astrong]

I have read the news about Hitbtc and I think this problem is actually over. They have also clarified this, and explained that all traders' funds are safe. Here is the news link from their twitter https://twitter.com/hitbtc/status/1024258094996639744
While regarding ETFs, I can't say much. Every year there is always this kind of FUD and always makes fomo so that the price of bitcoin drops dramatically.

[paulwdc]

Many reasons behind it Like Google trend of bitcoin, Bitcoin talk platform,FUD of Market manipulators so peoples will panic and try to manipulate market these are the main reasons for bitcoin price changes.market demand or supply and whales also control market and they manipulate market according to their need.

[ShutterTeeth]

Winklevoss' bitcoin ETF rejection has harmed the market badly which is very much understandable. But, there are some more ETF hearings lined up in this year and I would like to see where they take the market with upcoming speculations and hype that comes along the hearings.

[LateMoveR52]

ETF rejection caused all the distress in the market in my opinion. Though I predicted that bitcoin ETF rejection won't hurt the market but it turned out to be totally opposite. However, hopefully, some big news in the future will again turn the tide towards the investors favor.

[edsnowangel]

Another factors of bitcoin prices to be low as of the moment is that more and more ICO or other crypto are getting scam amd lot of people lossing their hope in bitcoin or in ither crypto and yer there are lot of people feel to sell low also known as FOMO and there are also a lot of FUD news

[hitchcoin]

There are so many reasons that just affect the price of Bitcoin that we can not include and analyse those, so my option is trying to be flexible and react fast on those things that are happening with the price of Bitcoin.

[stownbridge]

I HAVE THE MAIN REASON FOR TRANSFER OF ACCEPTANCE OF THE COMMISSION ON SECURITIES AND STOCK EXCHANGES UNTIL 30 SEPTEMBER OF POSITIVE SUCCESS. THE BASIC BRAKE STATE

[ashfakur]

I agree with you, in my opinion, the main reasons for what you say are your second reason (Bitcoin ETF was denied by the license by the SEC.) This is a major factor as Bitcoin to drop immediately and causing the market This is the first reason I think this is the reason. Because of which there are many panic sellers who sell bitcoin and eventually the market becomes much dwon

[jatin729]

Here are the five resaons
1. Decentralised in nature
2. Uncertainty in regulation
3. Panic selling
4. When bad news come like few days ago Starbucks said that they will not accept crypto as a payment and India is against crypto.
5. Please give me that point  i have only 4in my mind

[Silenox]

Regarding the SEC's decision to postpone the ETF verdict, I saw in a Telegram group that most postponement cases are approved, and I think that may be the main reason for a price hike this year. It's waiting to see.

[NavigateSamurai055]

Must say you did a great job and also appreciate your analyzing power but if you marking the points and also bold it then it look more better.

[Akiko]

Regarding the SEC's decision to postpone the ETF verdict, I saw in a Telegram group that most postponement cases are approved, and I think that may be the main reason for a price hike this year. It's waiting to see.

For me there is  no matter, if what's the reason why bitcoins price are affected like what happened now as long as I believe in ability and the potential of bitcoin I will never be worried no matter what happened.

[trangoccho]

The information above is only for individual inquiries and opinions. Of course it can not determine the full price of a BTC, ETF is also a part and more importantly the psychology of the seller and the buyer. One wrong thought of newbies is the price increases they buy and when they see prices drop they sell. And this reality is going on

[Bdstar]

 -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.

I am completely agreed with you on these issues, we all know that If Bitcoin could pass the ETF the Bitcoin price will reach a sky level but today or tomorrow, Bitcoin will be enlisted in the ETF and every exchange will enlist Bitcoin as a digital currency in the future. on the other hand, It's true that due to impose the tax on the digital currency, the price of Bitcoin may hamper in recent time.

[jsnode]

We can't calculate what factor is impacting bitcoin prices but some reasons is possible like FUD created by market manipulators because they hold bulk of bitcoins and they manipulate market according to their need also supply and demand & SEC rejection of ETF, this things can responsible for this bear market.

[trangoccho]

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

You're right. All the reasons I give are just a part and it hits the psyche of the Bitcoin owner and they fear selling out in bulk. This is the direct cause of the decrease in Bitcoin prices

[kulsuma]

I think the pump and dump is an usual scenario of cryptocurrency  market. Recently  Bitcoin faced momentum after the last Monday when the price of Bitcoin started dropping again. Many people believe that this is due to the denial of licence of Bitcoin ETF by SEC. I hope soon the price of Bitcoin will start rising again.

[jayveerastrullo]

Lot of things really impact bitcoin price and i agree with you that exchange website are the reason for the price drops. The sudden drop of bitcoin prices now is because no one buys bitcoin for a huge amount. All they want is to buy in low amount.

[Ava Duvall]

One of the greatest things of AML BitCoin is that the value of the AML Bitcoin is not determined by any government. Therefore, if any economic or financial instability occurs, AML Bitcoin users are not affected.

I also read about this. that is probably the biggest upside- not being determined by any government,

[TheUltraElite]

Lot of things really impact bitcoin price and i agree with you that exchange website are the reason for the price drops. The sudden drop of bitcoin prices now is because no one buys bitcoin for a huge amount. All they want is to buy in low amount.

If you mean to say that buying low amounts of bitcoin makes the price drop then you are grossly mistaken. Whatever price or whatever amount they are bought at, will raise the price of the coin. It does not necessarily mean that every small buy order will move the market a lot but they have an effect cumulatively as people maintain a buying pressure. Seems like you have no idea how markets work and how trading bots pump and dump the prices.

Also I would not blame people for buying low amounts. One whole bitcoin is expensive for anybody coming newly into the market for whatever base currency rate we talk about.

[JanVanHellsing]

 -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.

This is a very good summary and I also think all of these events contributed to the massive price decline in recent days. Which one do you think had the single biggest impact? I tend toward the ETF delay but maybe I am biased as this was constantly talked about. After all, this decision affected only the US market which is certainly less relevant than the Asian regions. What are your thoughts?

[olalaMaty]

Some factors that affect the price of bitcoin are government policies that will directly impact the price of bitcoin and the demand for the market will also affect the bitcoin.

[tranquyen123456]

Market supply and demand - This factor is a major factor affecting the price of Bitcoin. Today, Bitcoin has no equivalent in the real world, so BTC-encoded currencies will be sold on the exchange. The main principle of economics is that if people buy a coin, the price goes up and if people sell the coin, the price will fall. There are so many sellers that Bitcoin prices are falling sharply

[Lexurdania]

I think negative news about bitcoin give big impact for bitcoin price. Delaying on ETF approval bring most coin in market drop more than 70billions dollar in market cap value. Negative news give big impact because cryptocurrency market still unregulated market and thats decreasing investor confident

[Gururapyco]

The real reason in my opinion is the overall manipulation created buy some big players that want to get in and freak out those weakhands.

[hessanseen]

Policies and encryption technology around the world may affect the price of Bitcoin, but the core factor should be demand. Without a lot of new money coming into the market, the price of Bitcoin will certainly fall.

[TheUltraElite]

I think negative news about bitcoin give big impact for bitcoin price. Delaying on ETF approval bring most coin in market drop more than 70billions dollar in market cap value. Negative news give big impact because cryptocurrency market still unregulated market and thats decreasing investor confident

Its strange how the news is affecting the market this year while last year it was not so. This year the good news of ETF did not move the market much but then the news of ETF postponing made the market crash followed by recovery. In my opinion there are some new young blood investors who barely entered during a high price and are now in a loss. They are trying to break even by selling even at loss in order to get back their money.

This can happen if FOMO steps into their minds and they dont analyse past prices before entering.

[Fretcy]

  Bitcoin price depend on the demand and supply Bitcoin is the first decentralized cryptocurrency created in 2009 it uses the blockchain technology .Bitcoin is the most popular cryptocurrency that allows for digital transfer without a third party .Every transaction is digitally recorded in blocks which acts as ledger every transaction is digitally recorded to keep security . Due to extreme highs and lows Bitcoin presents a possibility for speculation .Earlier monetary transaction was enabled through central banks now with the invention of Bitcoin the scene has changed .

[Masatos]

everything happens as it should have happened. Other coins could not grow forever and the bitcoin's dominance had to increase

[Kemarit]

I think negative news about bitcoin give big impact for bitcoin price. Delaying on ETF approval bring most coin in market drop more than 70billions dollar in market cap value. Negative news give big impact because cryptocurrency market still unregulated market and thats decreasing investor confident

Its strange how the news is affecting the market this year while last year it was not so. This year the good news of ETF did not move the market much but then the news of ETF postponing made the market crash followed by recovery. In my opinion there are some new young blood investors who barely entered during a high price and are now in a loss. They are trying to break even by selling even at loss in order to get back their money.

This can happen if FOMO steps into their minds and they dont analyse past prices before entering.

Again, I'm thinking that investors unlike like year is being smart and wouldn't just FOMO to enter the market. Look at those newbies who bought bitcoin at its peak, they are all gone now, because they got burned. But I'm sure that they learn from their mistakes, gain experienced and now are more intelligent. Maybe doing some analysis of their own. ETF's news though is quite a nuisance and i'm no longer trying to get myself to be affected by those news. Rejection or approval doesn't make any difference, IMHO.

[pedagang2]

maybe that reason could affect the decline in bitcoin prices at the moment, but I'm sure this is just to make big investors panic,
and if they are provoked by that, then one day they can only see and pat the forehead because the price will go up to another month.
it's just a matter of time.

[kaisa]

These five reasons can make the BTC price decrease on that day and cannot be denied. but the thing that becomes a problem is excessive anxiety by the community and it supports the BTC to fall to the floor.
Currently, there is no positive thing that supports the BTC price for the month, only speculators are trying to keep BTC moving. I think sideways is good for the current conditions, to wait for the SEC's decision to accept ETF proposals that have not been agreed.

[LindaFallar]

I am curious about this topic. What are really the reasons that impact Bitcoin prices? This time Bitcoin decrease at a low rate. Bitcoin users are now wondering when will it be  at its high rate or should we say to its highest rate.

Can someone explain me for the reasons for an awareness?

[Bonsaiav]

Lot of things really impact bitcoin price and i agree with you that exchange website are the reason for the price drops. The sudden drop of bitcoin prices now is because no one buys bitcoin for a huge amount. All they want is to buy in low amount.

No matter how low they buy bitcoin, not even a bit will cause a decrease in bitcoin prices, on the contrary they have contributed to the growth of bitcoin prices.

  -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.

This is a very good summary and I also think all of these events contributed to the massive price decline in recent days. Which one do you think had the single biggest impact? I tend toward the ETF delay but maybe I am biased as this was constantly talked about. After all, this decision affected only the US market which is certainly less relevant than the Asian regions. What are your thoughts?

What you say's true, but the OP says about Korea. As we know, Korea / China is the main base of exchange and use of cryptocurrency in Asia. So it's very clear that the adverse effects have hit the US and Asian crypto markets meaning absolute "its nature remains global".

[ResuLT]

Nowadays, there are so many people who know cryptocurrency which currently trading it or investing in it. And they must be know the strategy.

[ghosong]

In my opinion, the main reason for what you say is your second reason (Bitcoin ETF is rejected by the SEC.) This is a major factor because Bitcoin will soon fall and cause the market. This is the first reason I think this is the reason. Because of that there are many panic sellers who sell bitcoin and finally the market goes far away.

[hakertajniak]

 -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.

I think there are other reason that causing bitcoin price crashing. But the most reason is SEC delayed or rejected about bitcoin ETF.
Currently there are 9 or more rejection of ETF. But there is news about SEC will review the rejections later.

[messito]

you are all right to say but the most basic component is the manipulation of the market which dictate the tone of the price

[TheUltraElite]

Again, I'm thinking that investors unlike like year is being smart and wouldn't just FOMO to enter the market. Look at those newbies who bought bitcoin at its peak, they are all gone now, because they got burned. But I'm sure that they learn from their mistakes, gain experienced and now are more intelligent.

I dont think the people who bought bitcoin were actually shark investors. They were just newbies willing to get into the market in the hope of getting rich quick. (just like greedy dumbos) A real investor would actually analyse the market and its risks before putting in any amount of capital with hopes of future returns.

Maybe doing some analysis of their own. ETF's news though is quite a nuisance and i'm no longer trying to get myself to be affected by those news. Rejection or approval doesn't make any difference, IMHO.

True, we can see that rejection is not making much of a splash but the small dumps are happening. Bitcoin is facing resistance to cross the 7k or even touch the 7k mark this month and its not surprising if someone just dumps away all their coins if it does touch 7k to send us all tumbling down to 5k.

Impact on price might not be a big issue for the hodlers even if its painful but the small fries got pulverized into splatooshis.

[MAJICOIN]

There are so many reasons which are impact bitcoin for less value to more value like if the demand for bitcoin rise the price is moving to rise and till the market force like supply balance demand the price become less and unstable so it impact bitcoin. and with this the price volatility high and then the investors feel fear and they switch the coin. So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

[deppil]

you are all right to say but the most basic component is the manipulation of the market which dictate the tone of the price

I don't think prices are always manipulated by someone. do you know bitcoin marketcap reaches billions of dollars? who is the person who has that capital and wants to take risks by endangering their money to manipulate the market which is not necessarily possible. but I do not rule out the possibility of manipulation sometimes happening

[matchi2011]

There are so many reasons which are impact bitcoin for less value to more value like if the demand for bitcoin rise the price is moving to rise and till the market force like supply balance demand the price become less and unstable so it impact bitcoin. and with this the price volatility high and then the investors feel fear and they switch the coin. So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

Those factors still depends on how supporters will value their investment, if they can hod and wait then more adoptions will be attract when
bitcoin value jumped high again, some people didn't realize that each time we go along the pumped we are pushing new investors aways
better to stay calm and hold your coins, bounce back will come and more investors will join the business.

[TheUltraElite]

So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

What makes bitcoin expensive is its demand and the supply. Because the supply is going to be limited after a certain period the demand will rise. Now whales will pump coins and dump them making the markets crash. But that is least important when we consider the ideology behind bitcoin and crypto. So those who believe in the future of these assets are holding it and actively trading it.

I don't think prices are always manipulated by someone. do you know bitcoin marketcap reaches billions of dollars? who is the person who has that capital and wants to take risks by endangering their money to manipulate the market which is not necessarily possible. but I do not rule out the possibility of manipulation sometimes happening

The marketcap is not real. It is at least 50% excess of what is shown in coinmarketcap. One of the major reasons is unlisted trades which happen and p2p trades that go on. Its not possible to track every one of them.

[AllenTurner]

Very much informative article but not only five there are several reasons that impacts bitcoin price from high to low and low to high.

[abhi777]

Again, I'm thinking that investors unlike like year is being smart and wouldn't just FOMO to enter the market. Look at those newbies who bought bitcoin at its peak, they are all gone now, because they got burned. But I'm sure that they learn from their mistakes, gain experienced and now are more intelligent.

I dont think the people who bought bitcoin were actually shark investors. They were just newbies willing to get into the market in the hope of getting rich quick. (just like greedy dumbos) A real investor would actually analyse the market and its risks before putting in any amount of capital with hopes of future returns.

Maybe doing some analysis of their own. ETF's news though is quite a nuisance and i'm no longer trying to get myself to be affected by those news. Rejection or approval doesn't make any difference, IMHO.

True, we can see that rejection is not making much of a splash but the small dumps are happening. Bitcoin is facing resistance to cross the 7k or even touch the 7k mark this month and its not surprising if someone just dumps away all their coins if it does touch 7k to send us all tumbling down to 5k.

Impact on price might not be a big issue for the hodlers even if its painful but the small fries got pulverized into splatooshis.

five reasons for bitcoin prices are the small volume of Bitcoin that is spread on the network, a situation where there are more Bitcoin traders than Bitcoin users, News that is spread globally, Investment Fraud (scam), Bitcoin being ‘hacked 'and taken away by others. in my opinion, the impact of the price of bitcoin is fluctuating.

[towi078]

It seems that there are indeed many factors that have caused this year's crypto price to experience a sharp decline. Hopefully in the next year, this condition will change quickly

[xanaxxx]

There are so many reasons which are impact bitcoin for less value to more value like if the demand for bitcoin rise the price is moving to rise and till the market force like supply balance demand the price become less and unstable so it impact bitcoin. and with this the price volatility high and then the investors feel fear and they switch the coin. So in crypto bitcoin is the most important and valuable coin for now as we can say that in the future bitcoin will use for many purposes so it will make bitcoin more expensive.

bitcoin is not of low value now, it's worth a lot comparing to where it started from. Let me remind you it was worth nothing. So the value is good, adoption is the main key

[Kristinasomaira]

These are the five reasons to impact Bitcoin Prices.

1.Growing Visibility.
2.Surging Investor Interest.
3.Regulatory Progress.
4.Bitcoin Futures.
5.Strong Momentum.

[jzale]

The only factor of those 5 mentioned that obviously affected the Bitcoin's price is the series of rejection by SEC on ETF proposals for Bitcoin. This has caused a massive decline and created a commotion within the community. It is as if the future of Bitcoin relies on the ETF. Again and again, ETF is better but not needed right away.

[TradeParty]

Very much informative post and those five reasons that you mentioned in your post and really very important reason and the community should focus on this.

[TheUltraElite]

a situation where there are more Bitcoin traders than Bitcoin users,

I think you are saying that there is more demand than supply. Having more trading going on is not going to be bad. But if there are panic selling going on then the price will drop. Also since crypto is not so much usable for daily expenses in most countries, its demand is mainly from the used coins and sharply supply is low because of the limitation on the total minting.

News that is spread globally,

Again that influences the panic sellers. Fake news are sometimes very easy to recognize and debunk.

Investment Fraud (scam),

That will lead to a change of hands and not a loss of value at that time would it. If the scammers want to sell those coins then it might drop the market price.

Bitcoin being ‘hacked 'and taken away by others. in my opinion, the impact of the price of bitcoin is fluctuating.

This is a misconception since bitcoin cannot be hacked. What can be hacked it the websites and wallets.

[Odlanyer]

There are many reasons why the prices of bitcoin get a huge impact and became decrease because of  ETF or more precisely the fear of ETF, due to the denial of approval for ETF, Government policies have a huge impact on the amount of transactions and the price of bitcoins and the ETF rejected also was get a huge impact to bitcoin.

[bellamente]

HitBTC? Are you seriously?

I think that the news now only helps whales to destabilize the market and begin their manipulation.

The news does not affect the Crypto currency market

[Falmera]

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

You are true fellow. We cannot really pinpoint which is the reason for the price of bitcoin today. But what affects the price is the demand of the people, we all know that.

[TheUltraElite]

There are many reasons why the prices of bitcoin get a huge impact and became decrease because of  ETF or more precisely the fear of ETF, due to the denial of approval for ETF, Government policies have a huge impact on the amount of transactions and the price of bitcoins and the ETF rejected also was get a huge impact to bitcoin.

I would not blame ETF for all the drop. ETF denial did drop the price but the news of ETF did not shake the market in the first place. Hence my take is that ETF was not the reason for the drop but some where else there has been bagholders who decided to dump their coins finally after having held for too long with their weak hands.

Then there was Vitalik declaring a pessimistic attitude towards crypto and thus some panic selling happened in every coin. Thats the majority of FUD that happened and cause the crash but there may be other reasons too.

[markjohn11]

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.

[Gisterman]

I don't no how to check the value of coin,where can i check please update that link

[DonPea]

As an analyst I believe that Bitcoin ETFs could help increase overall cryptocurrency adoption, while also significantly driving their prices upwards. One of the reasons crypto ETFs could lead to a surge in cryptocurrency prices is because they could potentially increase their scarcity and liquidity. Usually, when an asset or store of value becomes scarce, there’s a substantial increase in its price. This can be argued too when Bitcoin futures contracts were launched into the market, there will be a more sustainable increase in price. The reason for this is that many investors shifted from the physical crypto market to the derivatives market shortly after Bitcoin futures contracts were introduced. I would attribute the crash that came afterwards to the inexperienced traders who quite didn't understand the supply and demand effects but with Bitcoin ETF signed, investors would be trading Bitcoin and this would also lead to mass adoption and inturn drive prices up.

[stiffbud]

Bitcoin is a volatile currency and there are many reason which impact its price. First reason is its decentralised nature because of which many government ban it in time to time and this thing influence its price. Another thing is its volatile nature because of this nature its price fluctuate time to time and because of this many investors pull out their money and this thing ultimately affects the price of bitcoin. Another thing is bitcoin relation with criminal activities, and it is complicate to understand because of this many left bitcoin and take out their investment and this thing also affect its price. When one government ban bitcoin trading, investing  in their country then the negative effect show on the global price of bitcoin.

[chennappa121]

What you are given the point are truly correct information if why Bitcoins and other coins price are going deeply down day by day, we. Hope that good news are waiting for all crypto lovers in coming days.

[Raffamichaels]

The main reason to impact the bitcoin prices is the people invest in bitcoin and the people promoting the bitcoin in social media I think this is the main reason to impact the price of bitcoin.

[maxreish]

There are so much reasons of bitcoin's price fall or rise. Though, you still have a point about the reasons you have said on your post, the demand and the supply will have a big impact with the price in the market.
However, news, hacking will still affect the price. We are still hoping that bitcoin will still recovers no matter how bad or good reasons are  affecting it.

[onecall123]

I truly believe If Bitcoin ETFs is approved, Mass adoption of cryptocurrency will happen as well as this will eliminate price manipulation soon. However, there several facts to Impact Bitcoin Prices. No offense, but who knows? we all know how quickly the market can change though.

[Itcher]

at the moment, I like this price very much, because it becomes an excellent support in the long term

[Rishblitz]

it is true, but I read the news that bitcoin ETF is likely to be approved in March 2019, of course it will affect the market price of bitcoin

[gayletot]

I think no one can raise the price of bitcoin but also the investors. the price of bitcoin depends on the market. so when the market does not keep track of the trend and keep up with the coins we can not make coins like bitcoins. Such crypto conditions are actually happening as many investors are so nervous this month because they need to spend money on their personal goals.

[yeezycheezy]

My own opinion
1. Indemand
2. Commodity
3. World affairs
4. Easy to used
5. Visibility

[edsnowangel]

My own opinion
1. Indemand
2. Commodity
3. World affairs
4. Easy to used
5. Visibility

the supply and demand I think also is a factor and some FUD news or any news about crypto currencies will affect the price of it

[cpoer2011]

Thanks for the information about the reasons that impact bitcoin prices. There will be another news can impact bitcoin prices, some good news and some bad news. We only hope there will be some good news so the bitcoin prices will go up again and stabilized.

[royalfestus]

most of the points raised for the value response of bitcoin is not valid. Hitbit is a big exchange only in recent time, its volume trade is not capable to influence in bitcoin price. 9 ETFs proposal were disapproved before last year bull run and no ETFs had ever been approved. Some news cause a temporary slight bitcoin price dump, so are news from tax request from country cryto enthusiasts.

[bloodyvio]

of everything you quote is only about Bitcoin ETF that has impacted bitcoin in recent months
investors feel the hype on that but after delays in the decision and some refusal by the SEC, investors again sell their bitcoin and of course this affects the price of bitcoin

[Jannn]

There's no point looking any further into the market than whatever is causing FUD or FOMO, if the reasons behind the FUD are significant, then sell, similar is the case for FOMO. Technical analysis, charting and sentiment analysis are all useless when the market is literally controlled by buyer fear and remorse.

[Maxson]

I really do not know these impacts, i which i had known...Sometimes news from top ranked communities on issues of bitcoin i think can cause a rise or a downward movements.

[metalglowd]

 -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.

in my opinion, the impact on the price of bitcoin is only 1-4, while not the number 5. Why?

because after looking back, the average bitcoin price that falls is generally due to the market or country that has an opinion about the implementation of this crypto. The ICO tokensale also has a considerable impact on this to make the price drop. No matter if it's scam or not.

[rodskee]

The popular increase of bitcoin still growing even if the bitcoin and whole cryptocurrency
Are in the dip situation for been a long time for almost a year.
Only on impact i seen that people increasingly adopt bitcoin its because they the future of new technology

[Dexion]

basically, after bitcoin has dropped drastically from January 2018 until today, many big factors that affect bitcoin fluctuations, you just mention a small part.

hacking, a lots of FUD, panic, short investment, short trade. but of course, the decline is more dominate the market situation. So, I think that the positive impact that affects the crypto market and trading still cannot replace the bullish situation in the end of 2017.

[abhi777]

As an analyst I believe that Bitcoin ETFs could help increase overall cryptocurrency adoption, while also significantly driving their prices upwards. One of the reasons crypto ETFs could lead to a surge in cryptocurrency prices is because they could potentially increase their scarcity and liquidity. Usually, when an asset or store of value becomes scarce, there’s a substantial increase in its price. This can be argued too when Bitcoin futures contracts were launched into the market, there will be a more sustainable increase in price. The reason for this is that many investors shifted from the physical crypto market to the derivatives market shortly after Bitcoin futures contracts were introduced. I would attribute the crash that came afterwards to the inexperienced traders who quite didn't understand the supply and demand effects but with Bitcoin ETF signed, investors would be trading Bitcoin and this would also lead to mass adoption and inturn drive prices up.

I think the impact that affects the price of bitcoin is the Bitcoin Volume and Distribution As a relatively young digital currency, Trader speculation Believe it or not, the number of Bitcoin users who make it as a trading asset is more than those who actually use it as a medium of exchange, Fraud Mode Involving Bitcoin Because of its huge potential, many parties are irresponsible then making Bitcoin a new fraud object involving investors.

[ReneFigaro]

There is no reason other than to boast about Bitcoin prices and make that move against the movement of the cryptocurrency market.

[TheUltraElite]

I think the impact that affects the price of bitcoin is the Bitcoin Volume and Distribution As a relatively young digital currency, Trader speculation

Trader speculation only spreads  FUD and false information. Sometimes insinuated by others as well. People who do so are the weak hearted who tend to think too much about their investments in crypto and are not helping the community in anyway. Only making a panic sell go through so you can get back holding the fiat you had makes the volumes look manipulated.

Believe it or not, the number of Bitcoin users who make it as a trading asset is more than those who actually use it as a medium of exchange

More than that their are bagholders who have been holding through times of happiness and despair.

Fraud Mode Involving Bitcoin Because of its huge potential, many parties are irresponsible then making Bitcoin a new fraud object involving investors.

That only gives a bad name to some coins and bitcoin is dragged into it because of the so-called-obvious correlation between all other altcoins to be similar to bitcoin which is actually not.

[Phoenixhall]

There are a number of reasons why bitcoin prices decrease or increase. However, the news, hack will still affect the price. I really believe that if Bitcoin ETFs are approved, Mass accepts e-money will happen as well as this will eliminate price manipulation soon. We all know how fast the market can change.

[raking]

The most influential factor, quite clear and obvious, is speculation. Bitcoin speculation can bring huge profits because such a large profit margin. 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. As they consolidate, demand will increase and vice versa, when they discharge, resulting in increased supply. As a result, speculation becomes the most powerful factor influencing the value of Bitcoin.

[Epimetheus]

Bitcoin is a volatile currency and many thing support its volatility. First thing is its decentralised nature. Because of this nature it does not under control of any kind of authority or government and because of this reason their is a lot of irregularities in its production and distribution and this thing seriously affect its price. Another thing is the negative news spread by different media and this thing seriously affects its price. When one country ban it in their country then the negative effect show on its price in a other country.

[pakhitheboss]

This post was written in the month of August. The price of Bitcoin at that time was 7k. Now the price has gone below and is hovering between 6k to 6.7k. At this moment none of those points are affecting the price.

Thats the reason those who understand Bitcoin have been writing in this Forum, that it is hard to predict the price of Bitcoin.

If reasons could affect the price of Bitcoin then Bitcoin could have never achieved the price of 17k last year.

What I found in this Forum that the price of Bitcoin has increased every year from 2011 till now. The price might go up or remain the same, we only need to HODL till we achieve our profit.

[edsnowangel]

There are a number of reasons why bitcoin prices decrease or increase. However, the news, hack will still affect the price. I really believe that if Bitcoin ETFs are approved, Mass accepts e-money will happen as well as this will eliminate price manipulation soon. We all know how fast the market can change.

The news is the major reason why the bitcoin price is getting low or high because it is a channel to connect with the people globally so if there are bad or good news it might affect the btc or crypto reputation

[nickwen]

When market participants, up and down like the Bitcoin Price wave. There are things I like big waves, I want the oscillation amplitude of the Bitcoin. So I have many opportunities to make money

[gowobonyok]

Forget the reason bitcoin fell, everyone will certainly be more worried about that. now, give the reason why bitcoin will rise. the first is, the return of the support of several media, such as Google, has received crypto ads again. isn't that good news?

[ngalamunan]

As an analyst I believe that Bitcoin ETFs could help increase overall cryptocurrency adoption, while also significantly driving their prices upwards. One of the reasons crypto ETFs could lead to a surge in cryptocurrency prices is because they could potentially increase their scarcity and liquidity. Usually, when an asset or store of value becomes scarce, there’s a substantial increase in its price. This can be argued too when Bitcoin futures contracts were launched into the market, there will be a more sustainable increase in price. The reason for this is that many investors shifted from the physical crypto market to the derivatives market shortly after Bitcoin futures contracts were introduced. I would attribute the crash that came afterwards to the inexperienced traders who quite didn't understand the supply and demand effects but with Bitcoin ETF signed, investors would be trading Bitcoin and this would also lead to mass adoption and inturn drive prices up.

I think the impact that affects the price of bitcoin is the Bitcoin Volume and Distribution As a relatively young digital currency, Trader speculation Believe it or not, the number of Bitcoin users who make it as a trading asset is more than those who actually use it as a medium of exchange, Fraud Mode Involving Bitcoin Because of its huge potential, many parties are irresponsible then making Bitcoin a new fraud object involving investors.

I think the impact of bitcoin prices is Bitcoin Volume and Distribution As a digital currency that is still relatively young, the Bitcoin volume is still very little compared to other assets such as gold, especially conventional currencies such as the US Dollar, Trader Speculation Believe it or not, the number of Bitcoin users who make it as a trading asset is more than those who actually use it as a medium of exchange, Fraud Mode Involving Bitcoin Because of its huge potential, many parties are irresponsible then making Bitcoin a new fraud object involving investors.

[BennyK]

Another factors of bitcoin prices to be low as of the moment is that more and more ICO or other crypto are getting scam amd lot of people lossing their hope in bitcoin or in ither crypto and yer there are lot of people feel to sell low also known as FOMO and there are also a lot of FUD news

This is an indispensable fact about the reasons behind the low price of Bitcoin on the market now. Some investors and potential investors are scared and have withdrawn their money from crypto due to the scam ICOs and projects on the market. Until effective measures are put in place to curb this, there will be always a whole in the market for leakages.

[enigmatical]

The concept of supply and demand is one of the basic laws of economics. In a nutshell, the rarer something is and the more in demand it is, the higher the price will be. Bitcoin’s protocol has pre-determined the number of coins that will ever be in circulating supply – it’s 21,000,000. There are now less than 4 million bitcoins left to be mined. and with the increasing popularity of the cryptocurrency field in general, scarcity seems to have an impact on price. Of course, we’ve also seen prices fall as a result of the same mechanism. Every time Nobuaki Kobayashi, the Mt. Gox bankruptcy trustee, moves large quantities of bitcoins from the fund’s cold wallet, prices begin to drop in anticipation of the market being flooded

[khroma]

Speculation plays a vital role because it is where the media comes into the picture. It doesn’t mean that the media is to blame for the volatility of Bitcoin’s price, but it’s the main medium through which information is shared. Opinions, and especially the behavior of investors, have a serious impact on the price of this virtual asset. But this isn’t an isolated matter, investors’ opinions have always had an impact on virtually any publically traded asset.

[enigmatical]

I concur on speculation too, because take for instance, when a popular investor shares positive sentiment about Bitcoin or any other virtual currency and this news reaches the masses, it’s possible that its price is going to appreciate. On the other hand, when a world-renowned name such as Warren Buffet says that Bitcoin is like ‘rat poison,’ this might have a negative impact on the cryptocurrency’s price.

[Rosesie]

As we all know if the Demand is greater than Supply, price rises unpredictable.  I think this is the factor can impact to bitcoin prices

[Siren]

Before all of that issue comes out,market in the firet quarter acting like this so better don’t put the blame on those because the truth is that investors are playing safe and waited for the right timing to invest thats why the pices in market keep on falling or keeps on lower value things that normal because theres a domino effect when investors stop putting money inside cryptocurrency

[WhiteGAN]

The decline is more dominant than the market situation. There is no reason other than boasting about Bitcoin prices and making that move against the movement of the electronic money market. However, the news, hack will still affect the price. We all know how fast the market can change. Bitcoin speculation can be profitable for such a large profit. As an item, the value of Bitcoin is determined based on supply and demand. That is a lot of speculation. As a result, speculation becomes the strongest factor influencing the value of Bitcoin. The first is its decentralized nature. The other thing is the negative news spread by various media and this seriously affects its price.

[xbiv2]

Bitcoin dominance

Pajeet make 100,000,000,000 coins. Pajeet sell 1 coin for $1 to hes brother Pansun Now we have $100,000,000,000 capitalisation. WOW!!!

[edsnowangel]

As we all know if the Demand is greater than Supply, price rises unpredictable.  I think this is the factor can impact to bitcoin prices

yes you are right but this are not the only thing need to consider there are more that demand and supply like for example FUD, DUMPERS and other negative factors can affect the crypto price

[fuer44]

Hi
i hear recently SEC has received Bitcoin ETF? and that is a good step to re-attract the wider public to invest in bitcoin.

[Siti Nurbaya]

Indeed, speculation makes it all a concern and reflection to see better or worse values. It is not a mistake but it happens, every positive news is able to raise the price of bitcoin, and negative news is able to reduce the value, this will be the panic holder and throw it away.
But that can be overcome with many people who remain convinced of the value of bitcoin.

[tetyulfania]

After reject by Sec of ETF make bitcoin price too low and we have waiting for long time where bitcoin could be growing up to higher price, many investor have wait because buy bitcoin at more higher price and wait for recovery bitcoin back to higher price.

[bitcon]

Indeed, speculation makes it all a concern and reflection to see better or worse values. It is not a mistake but it happens, every positive news is able to raise the price of bitcoin, and negative news is able to reduce the value, this will be the panic holder and throw it away.
But that can be overcome with many people who remain convinced of the value of bitcoin.

As I see, fewer people now pay attention to the negative news. They started to understand that this is all simply the speculation. The whales affect Bitcoin prices a lot, and the average crypto users cannot do anything with it.

[panukurap]

in my opinion no, because before ETF the price of bitcoin has gone up and down every year, not the ETF that causes bitcoin to fall but the panic of investors makes bitcoin prices fall, because they consider the rejection of ETF will make bitcoin fall. and sell its assets, and that makes the price of bitcoin worse.

[stayeduptolate]

 -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.

We all are aware with this fact that bitcoin is a volatile crypto currency and apart from being volatile bitcoin is s part of investment so both these factors plays a very crucial role in determining the valuation of bitcoin as the valuation of bitcoin is subject to flactuation and varies according to market demand and supply, higher the number of investors and higher the amount they are investing into bitcoin, higher will be the demand and higher will be the valuation and vice versa and on this hypothesis every investment works.

[BulletinGlace]

Although I agree that reaseons you've statd are true, I think that most of the times it's just pure manipulation by very big players wich makes te price patterns go up and down in a major way.

[piterpie]

The US Securities and Exchange Commission has stated that it will postpone the decision on the latest Bitcoin ETF proposal.

The SEC received more than 1,300 comments regarding the proposed rule change, which would allow Cboe to create the Bitcoin Exchange Fund (ETF). However, the agency said it would take a long time to consider a possible conclusion. According to the announcement of the commission, the decision will be made before September 30.
We should wait together

[rosemary4u]

There are various factors that has  affected bitcoin and the price. For instance, the decision taken by the SEC regarding the ETF has been a big blow to bitcoin in the past few days.

[menammeo]

There are many similar factors that affect the change in value of other items that affect the price of Bitcoin. Because it is so new and different from other currencies, although many of these effects are exaggerated. Here are five key factors that affect the price of Bitcoin.
1 Supply and demand
2 Communications
3 Political change
4 Changes in Government Regulations
5 Changes in the rules of Bitcoin

[sharif12]

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.