The value of Bitcoin has endured many fluctuations since its emergence and still doesnt seem to be showing any signs of slowing. However, in the past two years, the Bitcoin currency has seen a remarkable high in its price, which is dictated by the purchasing power of fiat currencies in countries where bitcoins can be used for financial transactions. Ultimately, this trend that can be seen over the past two years is expected to continue, but at a rate of which nobody knows.
I think so. In addition, it is fluctuating due to unnecessary trading or selling that leads to irregularities of bitcoin's price. Many also are panicking because of the news that popped everywhere. And, we all know that once it is televised, people will easily believe the information that has spread. In other words, it triggers people's or weakens trust about bitcoin. With that,it affects bitcoin's price.