Bitcoin Price News

Bitcoin price establishing is an interesting phenomenon and widely differs from the way the price of ordinary money is set. First of all, despite popular belief, Bitcoin does have a cost price. It is set as a combination of expenses on electricity, transaction fees and the installation/purchase of software. However, the price of Bitcoin is not determined by its cost price and is mostly estimated by consumer demand. It causes huge fluctuations in the price of Bitcoin, as Bitcoin has no backing, and traders are largely dependent on the news of Bitcoin’s price, multiplying volatility of the asset. As Bitcoin’s market cap is nearly $159 billion, the price of Bitcoin became an important economical factor, gathering attention from financial institutions of various kinds and stimulated the research of behavioral factors that influence the price of Bitcoin and working on ways of predicting its changes.

Market Update
Bitcoin price dropped below $9,200 as stocks were rattled by the U.S. Supreme Court decision on President Trump’s tax returns.
Bad Day for Stocks Sends Bitcoin Price Below Key $9.3K Support
Ray Salmond
Markets News
A massive 18.52 million BTC buy order on Bitfinex will save Bitcoin from dropping to $0, thanks to Alistair Milne.
Bitcoin Price Will Now Never Officially Go to Zero — Here’s Why
William Suberg
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.
BTC Rush: High Prospects for Bitcoin Price as Mining Investments Boom
Gareth Jenkinson
Markets News
Growing belief in Bitcoin following gold higher contrasts with chart analysis, which shows multiple weaknesses remain.
Bitcoin Gold Copycat Rally ‘Just Started’ Amid Worries of March Repeat
William Suberg
Markets News
Coinbase analyst Max Bronstein says “fireworks” in the global currency market might positively affect the value of Bitcoin.
‘Fireworks Are Coming’ — FX Markets Will Boost Bitcoin, Says Analyst
Joseph Young
Market Update
As Bitcoin price stalled at $9,300 again, altcoins capitalized on the sideways price action to rally to new multi-year highs.
Bitcoin Price Stalls at $9,300, Altcoins Rally to New Multi-Year Highs
Ray Salmond
Market Analysis
Traders are placing large bets on $50,000 Bitcoin options for June and December 2021, but what are the chances of BTC price reaching this level by then?
Bitcoin Options Data Shows Investors Betting on $50K BTC Price in 2021
Marcel Pechman
Many are highly critical of the three highly popular models used widely by Bitcoin analysts — stock-to-flow, Hyperwaves, and Elliott Waves.
The Three Most Controversial Bitcoin Price Models and What They Predict
Joseph Young

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