Five reasons are thought to be the biggest impact on BTC pricing:
+HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
+Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
+Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
+The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
+Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
Topic: Five Reasons to Impact Bitcoin Prices (Read 1902 times)
There are many similar factors that affect the change in value of other items that affect the price of Bitcoin. Because it is so new and different from other currencies, although many of these effects are exaggerated. Here are five key factors that affect the price of Bitcoin.
1 Supply and demand
2 Communications
3 Political change
4 Changes in Government Regulations
5 Changes in the rules of Bitcoin
1 Supply and demand
2 Communications
3 Political change
4 Changes in Government Regulations
5 Changes in the rules of Bitcoin
There are various factors that has affected bitcoin and the price. For instance, the decision taken by the SEC regarding the ETF has been a big blow to bitcoin in the past few days.
The US Securities and Exchange Commission has stated that it will postpone the decision on the latest Bitcoin ETF proposal.
The SEC received more than 1,300 comments regarding the proposed rule change, which would allow Cboe to create the Bitcoin Exchange Fund (ETF). However, the agency said it would take a long time to consider a possible conclusion. According to the announcement of the commission, the decision will be made before September 30.
We should wait together
The SEC received more than 1,300 comments regarding the proposed rule change, which would allow Cboe to create the Bitcoin Exchange Fund (ETF). However, the agency said it would take a long time to consider a possible conclusion. According to the announcement of the commission, the decision will be made before September 30.
We should wait together
Although I agree that reaseons you've statd are true, I think that most of the times it's just pure manipulation by very big players wich makes te price patterns go up and down in a major way.
-BTC 5/8 price is trading at 7000 USD / BTC, down 6,9% , market capitalization is 127 billion USD and cash flow is over 17 billion dong according to Coinmarketcap. The BTC's non-braking slope also caused the entire altcoin to turn on red lights. Most notably, TRON's Justin Sun recently featured prominently including Tron's recent acquisition of BitTorrent and uTorrent, the launch of Tron Virtual Machine (TVM), and a secret project later announced as the Project Atlas) but still swept the wave of the market.
-Five reasons are thought to be the biggest impact on BTC pricing:
+HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
+Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
+Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
+The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
+Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
We all are aware with this fact that bitcoin is a volatile crypto currency and apart from being volatile bitcoin is s part of investment so both these factors plays a very crucial role in determining the valuation of bitcoin as the valuation of bitcoin is subject to flactuation and varies according to market demand and supply, higher the number of investors and higher the amount they are investing into bitcoin, higher will be the demand and higher will be the valuation and vice versa and on this hypothesis every investment works. -Five reasons are thought to be the biggest impact on BTC pricing:
+HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
+Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
+Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
+The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
+Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
in my opinion no, because before ETF the price of bitcoin has gone up and down every year, not the ETF that causes bitcoin to fall but the panic of investors makes bitcoin prices fall, because they consider the rejection of ETF will make bitcoin fall. and sell its assets, and that makes the price of bitcoin worse.
Indeed, speculation makes it all a concern and reflection to see better or worse values. It is not a mistake but it happens, every positive news is able to raise the price of bitcoin, and negative news is able to reduce the value, this will be the panic holder and throw it away.
But that can be overcome with many people who remain convinced of the value of bitcoin.
But that can be overcome with many people who remain convinced of the value of bitcoin.
As I see, fewer people now pay attention to the negative news. They started to understand that this is all simply the speculation. The whales affect Bitcoin prices a lot, and the average crypto users cannot do anything with it.
After reject by Sec of ETF make bitcoin price too low and we have waiting for long time where bitcoin could be growing up to higher price, many investor have wait because buy bitcoin at more higher price and wait for recovery bitcoin back to higher price.
Indeed, speculation makes it all a concern and reflection to see better or worse values. It is not a mistake but it happens, every positive news is able to raise the price of bitcoin, and negative news is able to reduce the value, this will be the panic holder and throw it away.
But that can be overcome with many people who remain convinced of the value of bitcoin.
But that can be overcome with many people who remain convinced of the value of bitcoin.
Hi
i hear recently SEC has received Bitcoin ETF? and that is a good step to re-attract the wider public to invest in bitcoin.
i hear recently SEC has received Bitcoin ETF? and that is a good step to re-attract the wider public to invest in bitcoin.
As we all know if the Demand is greater than Supply, price rises unpredictable. I think this is the factor can impact to bitcoin prices
yes you are right but this are not the only thing need to consider there are more that demand and supply like for example FUD, DUMPERS and other negative factors can affect the crypto price
Quote
Bitcoin dominance
Pajeet make 100,000,000,000 coins. Pajeet sell 1 coin for $1 to hes brother Pansun Now we have $100,000,000,000 capitalisation. WOW!!!
The decline is more dominant than the market situation. There is no reason other than boasting about Bitcoin prices and making that move against the movement of the electronic money market. However, the news, hack will still affect the price. We all know how fast the market can change. Bitcoin speculation can be profitable for such a large profit. As an item, the value of Bitcoin is determined based on supply and demand. That is a lot of speculation. As a result, speculation becomes the strongest factor influencing the value of Bitcoin. The first is its decentralized nature. The other thing is the negative news spread by various media and this seriously affects its price.
Before all of that issue comes out,market in the firet quarter acting like this so better don’t put the blame on those because the truth is that investors are playing safe and waited for the right timing to invest thats why the pices in market keep on falling or keeps on lower value things that normal because theres a domino effect when investors stop putting money inside cryptocurrency
As we all know if the Demand is greater than Supply, price rises unpredictable. I think this is the factor can impact to bitcoin prices
I concur on speculation too, because take for instance, when a popular investor shares positive sentiment about Bitcoin or any other virtual currency and this news reaches the masses, it’s possible that its price is going to appreciate. On the other hand, when a world-renowned name such as Warren Buffet says that Bitcoin is like ‘rat poison,’ this might have a negative impact on the cryptocurrency’s price.
Speculation plays a vital role because it is where the media comes into the picture. It doesn’t mean that the media is to blame for the volatility of Bitcoin’s price, but it’s the main medium through which information is shared. Opinions, and especially the behavior of investors, have a serious impact on the price of this virtual asset. But this isn’t an isolated matter, investors’ opinions have always had an impact on virtually any publically traded asset.
The concept of supply and demand is one of the basic laws of economics. In a nutshell, the rarer something is and the more in demand it is, the higher the price will be. Bitcoin’s protocol has pre-determined the number of coins that will ever be in circulating supply – it’s 21,000,000. There are now less than 4 million bitcoins left to be mined. and with the increasing popularity of the cryptocurrency field in general, scarcity seems to have an impact on price. Of course, we’ve also seen prices fall as a result of the same mechanism. Every time Nobuaki Kobayashi, the Mt. Gox bankruptcy trustee, moves large quantities of bitcoins from the fund’s cold wallet, prices begin to drop in anticipation of the market being flooded
Another factors of bitcoin prices to be low as of the moment is that more and more ICO or other crypto are getting scam amd lot of people lossing their hope in bitcoin or in ither crypto and yer there are lot of people feel to sell low also known as FOMO and there are also a lot of FUD news
This is an indispensable fact about the reasons behind the low price of Bitcoin on the market now. Some investors and potential investors are scared and have withdrawn their money from crypto due to the scam ICOs and projects on the market. Until effective measures are put in place to curb this, there will be always a whole in the market for leakages. Jump to: