What are the factors that affect the cryptocurrency market?

[Divulgence]

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
The exchanges it trades on
Regulations governing its sale
Its internal governance

 

[mizzzlotam]

Based on the economic principles of demand and supply. Demand and supply is most likely to affect the cryptocurrency market. When the demand for it reduces it will crash. And also with the pandemic looming the price is bound to fluctuate.

 

[Hammad1245]

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?

It depends upon the investment of people and the available bitcoin. It works like stocks. When the the demand for bitcoins is increased the rate is also increased. However if the supply of bitcoin on increasing constantly but demand is decreasing, the price will fall.

 

[Bilal0087]

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?

There are several factors that affect the vitamin C but the most important factor are its usage in demand and supply when bye-bye pressure increases the worth of Prabhu also increases and well selling pressure increases Aircel value

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?

There are several factors that affect the worth of cryptocurrency but the most important factors are, its usage, its demand and supply, when buying pressure increases the worth of cryptocurrency also increases and well selling pressure increases its worth in the market decrease.

 

[Klismannm12]

I don't think is supply and demand rather I think that bitcoin is some that bitcoin is somehow being used by the coin influencers to control other coins,they all look up to bitcoin to rise and to equally fall,so I think it's inter related.

 

[Abbeyola]

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?

I think the forces of demand and supply are the one that determine the raise and fall of all the crypto currency generally.
If there is high demand for crypto currency, then the price will jump up, and if likewise is the case it will definitely fall.

 

[Lyrrex]

The factors affecting the crypto currency are not too different from factors affecting other businesses.
When ever there is more demand than the producers can supply then it woks at the advantage of hicking the price.Same happens in the crypto currencies world

 

[Jimmie150]

There are a lot of factors that affect cryptocurrencies and this factors ranges from cyber crime, regulatory commission in one's country because some countries of the world did not accept cryptocurrency from it citizens.

 

[Dowenship]

Human factor is the number one factor i know which is like 50% out of the factors. Other factors like less or much bitcoin outside number of investors and other crypto currency values. But there are other factors which are yet to be discovered.

 

[Debola]

Here are some of the key factors that determine whether a lender will give you a mortgage.

• Your credit score. Your credit score is determined based on your past payment history and borrowing behavior. ...
• Your debt-to-income ratio. ...
• Your down payment. ...
• Your work history. ...
• The value and condition of the home.

 

[Halexcity]

The main reason why it fall and rise is that when the investors withdraw there investment it will fall and when they buy the coin will rise. So it base on law of demand and supply, the higher the demand the higher the supply and the marginal cost will rise.

 

[Chibson]

I have been asking myself this question for sometime, what really makes bitcoin and cryptocurrency general to rise and fall. With the little knowledge i gathered, i tend to understand that whenever people are buying a coin en masse the value of the coin will rise and when people starts to sell en masse the value decreases.

 

[Dubai]

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?

There are varying reasons why the fluctuations exists . it could be as a result of government policy around the stock market, oil price, or insecurity of some critical countries. The value of fait currencies of some string nations could also be a determinant for the changes in price.

 

[Khezo]

A lot of things affects cryptocurrency but most especially is the world economy things going on in the world like covid-19 will definitely affect the currency and then decisions taken by world leaders will also affect the currency

 

[Olahab]

The supply of bitcoin is impacted in two different ways. First, the bitcoin protocol allows new bitcoins to be created at a fixed rate. New bitcoins are introduced into the market when miners process blocks of transactions and the rate at which new coins are introduced is designed to slow over time.

 

[Irfan Aslam]

The price of all coins will naturally affect volatility, supplies and demand of Cryptocurrency. If the unpredictable nature of the coins arrives, they are volatile coins. This raises the weight and significantly reduces. Owing to the uncertainty of Cryptocurrencies, this becomes an investment option for us. You buy at a low level and expect it to rise so you can

 

[Abdul Naveed]

All companies require a business license, whether they sell online or from the brick and mortar storefront. ... When you run a business without a license, you run the risk of heavy fines. In addition, the city or state may require you to close the operation until you have completed the required paperwork.

 

[Ihtsham Raza]

• 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.

More items...

 

[Samuel77]

One of the factor that affects crypto market is The Fall of any cryptocurrency, when a crypto lost value its effects the crypto market in some ways.

 

[Akinwale701]

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 demand and supply of cryptocurrency is what greatly affects and determines the price. That is why it is called decentralized currencies.