Bitcoin’s price is determined by the laws of demand and supply within the market. An increase in demand or decrease in supply will result in the value of bitcoin increasing. While decreasing demand or increasing supply will result in a fall in price. The supply of Bitcoin is limited and predictable. To stabilize the price, demand and inflation must be positively correlated. Moreover, the relatively small bitcoin market means smaller movements of the digital currency can result in significant market fluctuations of the price.
Interested to buy Bitcoin? Check the Market Now https://www.bitkub.com/market/BTC
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article