CryptoTrader
Fri Jul 12 2024
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5 answers
1045
Why does cryptocurrency change in value?
Why does the value of cryptocurrency fluctuate so drastically? Is it simply due to market speculation, or are there deeper underlying factors at play? I've heard that the limited supply of certain cryptos, such as Bitcoin, contributes to its value appreciation, but is that the sole driver? Could it also be influenced by the overall economic sentiment, new technological advancements, or even the regulatory landscape? Understanding these dynamics is crucial for investors to make informed decisions in this volatile yet exciting market.
