Btc Price is Not showing exactly how big is crypto market Cap really!
Btc Price comes from the buy and sell orders from coinbase/ kraken/ binance... Polo and So... Others.
But it does Not show nothing When crypto is exchanged privately.
So what should be the correct Bitcoin price then?
7000 $ for that Kind of crypto awarness and adoption its very little...
We have so much hype... About crypto like bakkt... Like FED printing money and inflation of FIAT Currency... So much positive news daily, but the btc is Not doing Good!
The hype is bigger then action
WHO is Behind that fake and Missleading news?
Those positive news are Missleading If the real results and profit are Not there!!
You can catch the hype everywhere in life and the cryptocurrency market is no exception, sharks will know how to exaggerate the good and bad news to achieve their goals. However, sharks can only exaggerate news without being able to determine the prices of currencies.
The cryptocurrency market is a free market and the price is regulated by the law of supply and demand, the price will be set based on the needs of the seller and the buyer. Of course, the price on coinmarketcap does not reflect 100% of the value of bitcoin at the time, but I guess it accurately reflects 95%.
Yes btc is Techically Good but Price is Not Good
In terms of the price of Bitcoin, no one can say exactly how much Bitcoin is worth, maybe $ 1 can be $ 1 million.