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The price of Bitcoin in the spot market is affected by immediate supply and demand. Traders use different strategies, including market orders for immediate execution and limit orders to buy or sell at a desired price. Spot trading is often considered a simpler approach to investing in cryptocurrencies, especially for beginners, as it involves direct ownership of Bitcoin. However, it still carries inherent risks due to the volatility of the cryptocurrency market. Recent data indicates that the 24-hour trading volume of Bitcoin reached approximately $19.78 billion globally, highlighting significant activity in the spot market.