![]() Source: History of Bitcoinīitcoin’s price history is known to most crypto enthusiasts. The events that affected the value of Bitcoin between Sep 2020 – Apr 2021. On the other hand, any uncertainty can cause its value to plummet. Crypto prices usually go up when there is a piece of news related to mass adoption, new technological breakthroughs, and so on. Just like any other asset, Bitcoin gets affected by news related to it, be it about Bitcoin itself, crypto exchanges, or blockchain technology. Another news sector that those who invested in Bitcoin or are planning to do so should look out for is ecology. However, BTC is still responsive to huge crypto news, especially ones that either concern the industry as a whole or other big coins like Ethereum or Shiba Inu.īitcoin’s price also gets affected by non-crypto news - a great example of that would be its price action in the spring of 2020. Unlike most altcoins, it does not depend as heavily on the rest of the crypto market and usually ends up being the one to set the trend. ![]() There are a lot of different factors that can affect the price of Bitcoin. All one needs to get Bitcoin is an Internet connection. In recent years, Bitcoin has been one of the most popular assets for investment: apart from the fact that it can be extremely profitable due to the high volatility of the crypto market, it is also very easy to invest in BTC. It is a decentralized digital currency that uses blockchain technology to facilitate trustless peer-to-peer transactions.
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