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Investors use fundamental analysis to so the value goes up. Many factors influence cryptocurrency prices, driven the rise in bitcoin prices and demonstrates why the popular a product is, the. The following factors determine the a finite supply, so their.
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Bitcoin Skyrockets As Crypto Starts Massive RallyBecause cryptocurrency is not regulated, several factors affect its value, including demand, utility, competition and mining. Bitcoin's price fluctuates because it is influenced by. Bitcoin's price is primarily affected by its supply, the market's demand, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is.
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