When does the price of Bitcoin increase or decrease?

The price of Bitcoin fluctuates due to news, speculation, availability, etc. For example, when negative news is published, many investors rush to sell their Bitcoin. This causes the price to decrease. On the other hand, when positive news is published, the opposite happens.

Apart from that, if the amount of Bitcoin sold in the market increases, the price decreases. Again, the more institutions accept Bitcoin as a medium of investment and exchange, the more its price increases.

Another thing is that many people are looking for alternative means of payment because they cannot trust conventional currencies. Since there is no central control system for Bitcoin, many are choosing it. This also increases the price.

There are restrictions on transactions in crypto currencies like Bitcoin in various countries. That also affects the price of Bitcoin. Recently, Chinese banks have been instructed to stop any type of transactions in Bitcoin. After that, the price of Bitcoin fell.#BinanceAlphaAlert #MyEOSTrade BinanceAlpha$1.7MReward#EthereumSecurityInitiative