Ever wondered what moves crypto? check this out
Key Crypto Price Movers:
1). Supply & Demand: More buyers than sellers makes prices rise; more sellers than buyers makes them fall.
2). Market Sentiment: News, hype, and fear quickly swing prices up or down.
3). Regulations: Government rules can make crypto more or less appealing to investors.
4). Technology: Upgrades or flaws in the crypto's tech impact its perceived value.
5). Competition: New cryptos like #solana $SOL can draw interest away from older ones, affecting their price eg #bitcoin $BTC .
6). Production Costs: For mined cryptos like #sahara , the cost of generating them influences their market price.