The price of bitcoin, like any commodity, is formed on the basis of supply and demand. This is the basis for the exchange rate formation of the crypto currency.
Why there is a demand for this or that asset?
the news background is one of the key factors that influences the decision to buy or sell Bitcoin. Information can be either positive or negative.
With a bad news background, panic begins - the key psychological moment of trade, the result of which, as a rule, is a depreciation