Post
Topic
Board Speculation
Re: BTC Movement: Is It Just Market Activity or Now Fundamentally Driven?
by
passwordnow
on 24/06/2025, 22:56:53 UTC
So the big question remains:
Is BTC still mainly driven by trader activity and technical patterns, or are we seeing a shift where global fundamental events - like wars and diplomacy - are steering the market?
It's a speculative market and the value of it still goes with the electricity and power that's generated by the miners. So, if we're going to think of that the global events like the wars has an impact with the energy sector and that could also play a part as to why the price of it decreases when that happens. Sometimes, there is no direct impact to Bitcoin even with all of these global trends that we're seeing, but sometimes, we see that there is a correlation to it. It's hard to tally them but maybe consider that these events still affect Bitcoin and its demand.