How does the price of cryptocurrencies fluctuate?
- Submitted by 1 year ago
Matilda Green
Answered 1 year ago
The price of cryptocurrencies is influenced by various factors, including market demand, investor sentiment, technological developments, regulatory news, macroeconomic factors, and overall market conditions. The decentralized nature of cryptocurrencies and relatively low liquidity compared to traditional financial markets can contribute to higher price volatility.
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