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?
Supply/Demand, the basic principle, the higher the demand, the price is obviously getting to be positively affected. So there are no written system per se, but supply and demand are affected by a lot of factors, i.e. negative news, hype or FOMO then manipulation.