This is a defining factor that empowers traders to makes decisions on whether to buy or sell Bitcoins. Every day, experts make forecasts about the price based on fundamental or technical analysis and market players are closely following any news that may affect the price and value of BitcoinCT r:  10. In this article we will try to understand what factors affect the growth or decline of Bitcoin price rates. But first, let us recall what represents the price of Bitcoin.

Bitcoin has value for several reasons:

Bitcoin is money and an alternative to fiat money. Bitcoin has all the features that are inherent in money - it is divisible, durable, recognizable and most importantly, it is accepted as a payment. Unlike fiat money or gold, Bitcoin has no physical embodiments and is not backed by physical items but rather it has a mathematical and technical basis.