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TagsHow has the price of bitcoin changed throughout the day?
Hana HodnaDec 31, 2021 · 3 years ago1 answersCan you provide a detailed explanation of how the price of bitcoin has fluctuated over the course of a day? I'm interested in understanding the factors that influence these changes and how they can impact the overall market.
1 answers
- Throughout the day, the price of bitcoin can fluctuate based on market demand and supply. The price is determined by buyers and sellers in the market, and it can change rapidly due to various factors. These factors include investor sentiment, news events, regulatory developments, and macroeconomic indicators. For example, positive news about the adoption of bitcoin by mainstream institutions can drive up the price, while negative news or regulatory actions can lead to a decline. It's important for traders and investors to stay informed about these factors and use technical analysis tools to make informed decisions.Dec 31, 2021 · 3 years ago
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