How is Bitcoin Price Determined? | 3 Important Factors that Impact Crypto Prices



Did you know? BTC price reached an an all time high of $65,000USD🤯 in November 2021! In today’s bear market scenario, Bitcoin Price is currently trading at $22,264USD and it is the world’s largest crypto by market capitalization today!

One must wonder what causes crypto prices to rise and fall?📊What gives Bitcoin value & Why is it worth so much?📈

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Well, supply and demand of the asset is one of the factors that determines bitcoin prices just like all other investment assets.🤔 However this is not the only factor to take into consideration when studying the impact on crypto prices!

In this video, we have discussed 3 most important factors that determine bitcoin’s price including all other altcoins in the crypto market.🎆 Our aim is to help you do your own research before you choose to invest in any crypto asset.🎯

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What sets Bitcoin apart from Ethereum🎯, the second largest crypto by market capitalization today! Watch this video to learn more:

Happy Researching! 😊

Read Latest Bitcoin Price Prediction visit CoinDCX blog -💰 https://blog.coindcx.com/price-predictions/bitcoin-price-weekly/

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Trusted by 1.3 Crore+ Indians, CoinDCX is a simple and safe crypto investment app to buy Bitcoin, Ethereum, Cardano, Solana and many more. Our content revolves around crypto basics, crypto coins guide, comparison of top cryptos, industry trends, product features/updates, crypto price analysis, live AMA sessions, learn and earn contests.

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CoinDCX does not intend to provide any sort of financial advice and this YouTube channel is for informative and educational purposes only.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. You may write to support@coindcx.com

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