The price of a crypto asset is basically influenced by its demand and availability in the market. For example, if the demand for buying bitcoins on the crypto market is increasing beyond the supply of sellers, then the price of bitcoins will increase. Conversely, when there are more sellers of bitcoins than buyers, the price of bitcoins will fall to a price point where the number of sellers and buyers is equal. usability Crypto prices move up when crypto is widely used, and will decrease when crypto starts to become quiet and users leave it.

Example :
Currently, there are many DeFi (Decentralized Finance) projects built on the Ethereum blockchain. All interactions or transactions on the Ethereum blockchain require Ether (ETH) as a gas fee to pay computational fees to ethereum miners. As the use and transaction volume of DeFi projects increases, the need to purchase ETH also increases. This causes the price of ETH to rise in the market.

Fear and greed
Psychological factors, namely public fear and greed can also affect the price of crypto. example : The price of bitcoin began to move up a long time after there was no significant movement. This will result in the public becoming greedy and buying more bitcoins in the hope that the price will rise even further. The more Bitcoin buyers, the more Bitcoin prices will go up, and this causes more people to want to buy Bitcoins. When the bitcoin price starts to hit its peak, many people want to make a profit by selling their bitcoins. The more people selling bitcoin, the lower the price of bitcoin will be. Prices that move down cause fear (Fear) in the public, so that more and more people are selling bitcoin again.