Can you please some hidden and secret reasons behind the price of bitcoin volatility? I am just wondering, what reason there could be beside demand and supply thing. Please explain with your logic.
The greater volatility of bitcoin is explained by the lack of its security and regulation, and also by the fact that its price depends almost exclusively on the supply-demand ratio, which are constantly changing. The level of demand is greatly influenced by external factors, such as the general state of the crypto-currency market and especially various news that can influence this market.