What determines the price of Bitcoin in the market?
Its commercialization is carried out in many exchange houses as well as among users of different countries, which makes it impossible to establish a single cost
If something characterizes the price of Bitcoin is the volatility it has in the market. Since its launch, the asset has been rising and falling according to trends and the index that surrounds it. However, what really diagnoses and sets its price?
The decentralization aspect of this cryptocurrency has the consequence that it doesn’t maintain a fixed amount in its price. Its commercialization is carried out in many exchange houses as well as among a large number of users in different countries, which makes it impossible to establish a single price.
For this reason, there are several ways and situations in which both parties can consent to a specific price and specify the operation, such as:
- The book of orders as a guide.
- The willingness to pay the spread of the bidders and borrowers.
- Influence of buyers in the market.
- The exchanges as price indicators.
Although the volatility of cryptocurrencies produces a market with high levels of activity, being able to be affected by different factors that have as a consequence a greater or lesser movement in the price of digital assets, perhaps later on they can be more or less the influences on the price according to the development that it acquires, also affecting the levels of stability that it can offer to the users.
N. Moncada
Source: CoinCrispy
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