What are the factors that affect the cryptocurrency market?

[Josemendez]

Demand and supply are the main factors common that affect the cryptocurrency market . This demands and supply are affected by the actions of investors and whales .
When demand exceeds supply , then the cryptocurrency market is affected tremendously.
Whales also affect market. When they release much token supply exceeds demand and price falls , and vice versa .

 

[BrolySSJ]

Bitcoin, Etherum, Litecoin etc... Sometimes the price of these coins rises and sometimes it falls.
What are the factors that affect the cryptocurrency markets and how does it influence the rise and fall of popular cryptocurrencies?

The price of crypto is affected by one simple factor and that is the supply and the demand of that coin. When the demand of the coin is high then the price will rise up significantly, and if there was a major increase in supply when people sell it off then the price drops to promote the demand to increase.

 

[Ehizzy1]

I think some of the factors that affect crypto currency is the demand and supply of the coin ,because when there is high demands of the coin , then there could obviously be a very incredible increase in the price of the coin

 

[Lagazine]

Bitcoin, Etherum, Litecoin etc... Sometimes the price of these coins rises and sometimes it falls.
What are the factors that affect the cryptocurrency markets and how does it influence the rise and fall of popular cryptocurrencies?

Can I believe there is a factor that affects the rise and fall of cryptocurrency? Well, the only factor I can figure out is the reduction in numbers of investors. If the investors continues to invest on a crypto coin, there is nothing that can affect it from growing. For instance, lawsuit against Ripple company lead to reduction in the price of the coin as investors withdraw their investment from the platform and move it to another coins.

 

[Damismiling]

The major factors affecting crypto currency are the supply of bitcoin and market demand for it also the numbers of competing currencies affects crypto currency, I would like to add that the government policies also have impact on crypto currency.

 

[Goodday]

Bitcoin, Etherum, Litecoin etc... Sometimes the price of these coins rises and sometimes it falls.
What are the factors that affect the cryptocurrency markets and how does it influence the rise and fall of popular cryptocurrencies?

Price changes of cryptocurrencies is mainly based on the the law of demand and supply. When the supply of the coin exceeds the demand on a particular day, the price of that coin decreases and the vice versa. So when there is high level of shortage of a particular coin, then price pump very high that period.

 

[Klashlly]

Factor affect the cryptocurrency market

The supply of bitcoin and market demand for it.
The cost of producing a bitcoin through the mining process.
The rewards issued to bitcoin miners for verifying transactions to the blockchain.
The number of competing cryptocurrencies.

 

[Ralphjoe]

The factors that affects the prices of popular cryptocurrencies like Bitcoin, Ethereum are vast but I will mention some of them. In the real sense, there are just two economical factors that affects the movement of these coins, and they are the forces of demand and supply.
Now coming to factors that affects the rise and fall of popular coins are as follows

1. Cryptocurrencies news
When news are published about cryptocurrencies be it positive or negative new will tend to affect the prices of any cryptocurrencies.

2. Popular opinions about the coins
The opinions popular and mostly celebrities have of about cryptocurrencies really counts as to how people percieve those cryptocurrencies, if whatever they say about any coin is negative, then it will affect the coin negatively.

 

[ahmedo24]

These factors mentioned by @Ralphjoe are the major factors aside the market forces of demand and supply but if one Influential figures says something positive about ethereum it pushes people to rush and Invest in it likewise otherwise.

 

[joy101]

The factor that affect Cryptocurrency ether governmental law or demands of supply, this can naturally affect the price of all the coins when it comes volatile nature of the coins, because their are coins with volatile nature.

 

[Sake]

The factors that can affect cryptocurrency can be fear. Fear makes people rush to sell and it can in turn affect the price.

Another thing is the demand for a coin.

Another one is News. The news of an economy or other things can affect the price of cryptocurrency.

You may be right, fear can turn a successful Cryptocurrency into a devaluation in just a short period of time. Fear can be the main turning point for some investors.. it's almost like an infection that when some feels it others are getting affected aswell.

 

[Highflyer]

Factors Affecting the Cryptocurrency Market Today

• Supply and demand. First, the cryptocurrency rate depends on the balance of supply and demand – this is a market law. ...
• Regulation of the cryptocurrency. ...
• Infrastructure news. ...
• Hacker attacks. ...
• Listing of coins on top exchanges. ...
• News in the media.Bitcoin pricing is influenced by factors such as: the supply of bitcoin and market demand for it, the number of competing cryptocurrencies, and the exchanges it trades on.

 

[Oloritoks]

The factors affecting cryoto-currency because most people haven't trust it enough to be a longterm digital market that can stand the test of time and couple with the government not giving it approval.

 

[Mrallison]

How do you mean, please explain further because I can't think of any government policies that affect crypto currency however i agree in the sense that market demand and supply affect crypto currency

The major factors affecting crypto currency are the supply of bitcoin and market demand for it also the numbers of competing currencies affects crypto currency, I would like to add that the government policies also have impact on crypto currency.

 

[Ifeayomi]

There is only one factor affecting crypto market which is the Factor of pricing. State of global economic is the main factor facing crypto market. The global economic determine the price of the market in many ways. If the global economic is okay it will make the price of the crypto to raise and if the global economic fall it will have great impact on the crypto market.

 

[Blue house]

Here are some factors listed below:
The inventory of bitcoin and market interest for it.
The expense of creating a bitcoin through the mining cycle.
The prizes gave to bitcoin diggers for checking exchanges to the blockchain.
The quantity of contending cryptographic forms of money.

 

[Gilead]

Well there are a lot of factors that affect cryptocurrencies . for instance government policies affect to currencies, big investors, billionaires in the world that choose to invest or not in cryptocurrency affect cryptocurrencies even banks affect cryptocurrency.

 

[Tanny]

I will say the change in price of crypto currency is based on high increase in demand and supply of coins ..... With the increasing popularity of these coins ...it makes it easy for the price to increase

 

[GIFTMICHAEL]

The factors that affect cryptocurrency is government policy. Some countries fail to recognize cryptocurrency in their country because of their policy. Crypto coin only operates and recognized where it is accepted.

 

[Kehinde]

• The supply of bitcoin and market demand for it.
• The cost of producing a bitcoin through the mining process.
• The rewards issued to bitcoin miners for verifying transactions to the blockchain.
• The number of competing cryptocurrencies.