The Secrets Behind BTC Price Fluctuations, Do You Know? 📊
Why does the price of Bitcoin (BTC) fluctuate? In fact, there are multiple reasons behind it! Here are five key factors summarized to help you better understand market dynamics:
1⃣ Supply and Demand: The number of Bitcoins is limited, and changes in market demand directly affect the price.
2⃣ Financial News: Macroeconomic policies, regulatory news, and hot news topics can stimulate price fluctuations.
3⃣ Whale Activities: Major players in the market may influence the short-term price trends.
4⃣ Event Activities: Events such as Bitcoin halving, important meetings, or the involvement of large institutions can have an impact.
5⃣ Market Sentiment: Investors' optimism or panic will be directly reflected in trading behavior.