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Who/What is controlling the price of Bitcoin and other cryptocurrency?



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2 Answers

It is really a glorifying scope for me as I am going to acquaint with some incredible information regarding the price controlling of Bitcoin and other cryptocurrencies with a great reliability. Honestly speaking, I think that as more jurisdictions regulate and clarify legal statuses of cryptocurrencies, crypto markets will become substantially more stable and widely adopted. The increased spotlight on Bitcoin and its digital contemporaries led the original cryptocurrency to skyrocket in value. This meteoric rise results in widespread market participation, inviting retail investors in droves to the crypto industry. (https://cryptonewstrends.com/)

There has been predicted that it could be that all prices are based on Bitcoin as a gold standard because the market is young and that the days of “follow the BTC price” are going to end soon. Bitcoin prices move much like stocks move. There are bids and asks, which drives the price up or down. Bitcoin is only worth what people are willing to pay or to sell it for.

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