What determined Bitcoin price?

Modified on Sat, 18 Feb 2023 at 08:51 PM

Bitcoin’s price is determined by the laws of demand and supply within the market. An increase in demand or decrease in supply will result in the value of bitcoin increasing. While decreasing demand or increasing supply will result in a fall in price. The supply of Bitcoin is limited and predictable. To stabilize the price, demand and inflation must be positively correlated. Moreover, the relatively small bitcoin market means smaller movements of the digital currency can result in significant market fluctuations of the price.

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