$BTC $BTC Short-term price movements of Bitcoin are influenced by a variety of factors, including:

* Supply and Demand: This is the fundamental driver of any asset's price. Bitcoin has a limited supply (capped at 21 million), so increased demand with limited supply tends to drive prices up.

* Market Sentiment and News: Positive news (e.g., regulatory acceptance, technological advancements, institutional adoption) can create hype and drive prices higher, while negative news (e.g., security breaches, regulatory crackdowns, market manipulation allegations) can lead to panic selling. Social media sentiment also plays a significant role.