Should We Expect A Bitcoin Bull Run ?

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Anyone keeping track of Bitcoin likely remembers the bull run of 2017, during which the cryptocurrency reached a high of nearly $20,000.

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What Determines Bitcoin’s Price?

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The main factor that determines Bitcoin’s price is whether investors want to buy or not.

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Although Bitcoin is the best known cryptocurrency, there are thousands of other altcoins available on the market.

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Both large financial institutions and individual investors can have an effect on the market.

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The main costs associated with producing Bitcoins are electricity and mining equipment. Although Bitcoin is a digital currency, it must still be mined.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE.

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Should We Expect A Bitcoin Bull Run ?

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Cryptocurrency experienced staggering volatility in 2021. Let’s take a look at some of the key indicators, predictions, and possibilities for Bitcoin and other cryptocurrencies.

Anyone keeping track of Bitcoin likely remembers the bull run of 2017, during which the cryptocurrency reached a high of nearly $20,000.

Past Crypto Trends

What Determines Bitcoin’s Price?

The main factor that determines Bitcoin’s price is whether investors want to buy or not.

Market Demand

Although Bitcoin is the best known cryptocurrency, there are thousands of other altcoins available on the market.

Altcoins

Both large financial institutions and individual investors can have an effect on the market.

Market Manipulation

The main costs associated with producing Bitcoins are electricity and mining equipment. Although Bitcoin is a digital currency, it must still be mined.

Cost Of Production

FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE.

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