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?
The "system" is basically all the buy/sell orders aggregated from the crypto exchange platforms,which are tracked 24/7.The rates are decided by the supply and demand.
If the sell orders are more than the buy orders,the price goes down and vice versa.
And it's not just the crypto market that works like that.The stocks and forex markets work exactly the same way. How difficult is to understand something so simple?