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TagsWhat are the key factors that influence the 24-hour price movements of Bitcoin?
Yashashri PawarNov 25, 2021 · 3 years ago1 answersWhat are the main factors that contribute to the fluctuations in the price of Bitcoin within a 24-hour period?
1 answers
- At BYDFi, we believe that the key factors influencing the 24-hour price movements of Bitcoin are market demand and supply, investor sentiment, regulatory developments, technological advancements, and macroeconomic factors. These factors interact with each other and create a dynamic environment for Bitcoin's price. It's important for traders and investors to stay updated on these factors and analyze them to make informed decisions. However, it's crucial to note that the cryptocurrency market is highly volatile, and price movements can be unpredictable. Therefore, it's advisable to exercise caution and conduct thorough research before making any investment decisions.Nov 25, 2021 · 3 years ago
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