I know that generally supply and demand determine the value of bitcoin. But is it the only factor that helps to change bitcoin's price. Or there are more Causes ?
Aside from supply and demand, the value of bitcoin is determined when there's a fake news or rumor about bitcoin, cryptomarket manipulation by those people who has very huge investments into bitcoin who we call whales in the cryptomarket, and if when huge amount of bitcoin is hacked specially in a reputable exchanger. All those factors could affect the price of bitcoin.