Hello everybody, I am new to the bitcoin and bitcointalk forum. I just wonder what/who make the price of bitcoin, and what does it depend on?
It is the law of supply because the more deman in bitcoin the more value will increase but the more supply increase then the low price value will happen .
Besides supply and demand, the policies of major economies also affect the price of bitcoin. The SEC's decision is a testimony to that. The supply isn't significant at present but the demand is affected by negative sentiment.