What affects the rise and fall of Bitcoin (affecting Bitcoin prices)
What affects the rise and fall of Bitcoin? What affects the rise and fall of Bitcoin? What affects the rise and fall of Bitcoin? How Bitcoin entered from a highly volatile market to another highly volatile market has had a significant impact on the entire investment field. In the traditional financial market, investors tend to choose assets with high transaction risk, such as stocks and foreign exchange in the stock market, which is the case for Cryptocurrency; However, for the blockchain industry, this is not the case because blockchain technology itself has a mature application and development trend, and therefore there are also many uncertain factors Bitcoin, as digital gold, has a certain positive and negative correlation in price, similar to some other currencies. But as the market value becomes increasingly high and accepted by the mainstream, the increase in correlation can also make the price of Bitcoin exceptionally overvalued and sluggish, leading to investors being unable to rationally view what they hold and their future investment strategies, thus raising the question of whether they are trustworthy According to Coindesk analysis, there is a correlation between Bitcoin prices and macroeconomic indicators. Due to the significant price trend of the market globally, it is difficult to push this relationship to a higher or lower level. But if we consider the current market situation, we can observe that Bitcoin has been relatively flat lately, but when it breaks through this resistance level, there may be fluctuations. This means that investors tend to hedge their risky assets.
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