What Influences the price of crypto currency?

[Phabbyfundz]

Crypto currency is a decentralized exchange commodity which only implies it is not tied to any fiat currency or known legal tender.

How does crypto gain or losses it value in the crypto currency exchange market?

 

[Shaffy]

The law of supply and demand comes in here. If majority of those who trade it are willing to settle for a lower price, price goes down and vice versa.

 

[Heatman]

The law of supply and demand comes in here. If majority of those who trade it are willing to settle for a lower price, price goes down and vice versa.

You're very correct about how demand and supply affect the price of all cryptocurrency especially Bitcoin.

But it's not the only that affects the price of cryptocurrency. World news and events also affects the price of coins. For example, the Russian-Ukraine war is affecting it too.

 

[Ronald]

Crypto currency is a decentralized exchange commodity which only implies it is not tied to any fiat currency or known legal tender.

How does crypto gain or losses it value in the crypto currency exchange market?

I think crypto is heavily influenced by global events which naturally have an impact on finance. Also, the opinion of some influential people can swing crypto in either direction with respect to value increase or decrease

 

[Immilash]

A lot of things that you guys don't know moves the cryptocurrency market, it's not supply and demand, we have some things that has to be fulfilled before the market can move, that's were the smart money comes in.

 

[Shaffy]

A lot of things that you guys don't know moves the cryptocurrency market, it's not supply and demand, we have some things that has to be fulfilled before the market can move, that's were the smart money comes in.

Manipulation is one of the factors that moves cryptocurrency prices too. That's where market makers hunt for liquidity at stop loss zones.

A true trader would consider all the things that could affect price, especially fundamentals in this current bear market.

 

[Mr.Sotherefore]

It mostly depends on law of demand and supply . That is what determines it most of the time but however there are some cases in which the price of cryptocurrency is being manipulated by people most especially the whales.

 

[Nomad]

A lot of things influence crypto price, for instance buying and selling activities, demand and supply, politics, war, global economy, government policies, etc.

 

[frederick_9]

Global events, which inevitably have an impact on finance, I believe have a significant influence on the crypto market.
Additionally, the views of some powerful individuals can influence the direction that a cryptocurrency's value takes.

 

[nana kwasi]

The bitcoin market is influenced by many factors that you guys are unaware of; supply and demand alone cannot change the market; certain conditions must be met first, and that is where the smart money enters the picture.