Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.
There are many factors that affect the price of bitcoin, the most simple is the supply and demand, the supply of bitcoin is fixed at 21 million coins however not all of those coins are always up for sale and the second factor is the demand, the demand can change very wildly in a matter of a few hours that is why you can see drops in the market of 10% in less than a day.