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?
As in a normal financial market, the price depends on the events (political, economic, social, and technological) taking place in the world. For example, if a war with America begins in Iraq, then we should clearly expect a movement in the dollar in the near future. Or for example, the coronavirus has hit the financial sector very hard.