I always wonder How Cryptocurrency rates especially BTC Fluctuate so quickly? I mean is there any system on which there rates are decided? If so, what is it?
In terms of value in the market, the main reason is always the demand and supply because these are the primary factor affecting the price movement in the market. I think many people are selling their bitcoins that's why it's value suddenly pulled down. Also another factors that affect the market movement is the implemented trading bots to executes buy and sell order very fast.