What Causes Increase and Decrease in the price of Cryptocurrency?

[Smalto]

We need to learn those signals through which we can figure out if a coin will go up or down and with that we can make some profit.

Honestly, you are very correct, one needs to properly learn those signals very well, in order to keep knowing the right time to buy or sell, so that you don't just invest blindly without knowing what you're doing, and I am already learning how to read charts.

 

[Yohanna]

The changes in the demand and supply of cryptocurrency is responsible for the price fluctuation.

 

[ekta]

Cryptocurrency prices are influenced by factors such as market demand, investor sentiment, technological developments regulatory changes, macroeconomic trends, and overall adoption. Positive news increases adoption, and market confidence can lead to price increases while negative events or regulatory uncertainty may cause declines.

 

[Nite]

Market demand is a key driver of cryptocurrency prices. When demand for a coin increases due to its rising popularity or being picked up by a larger exchange, its price typically increases as well. Conversely, when investors are worried about a particular currency, its price often falls dramatically.

 

[deucher]

There are a lot of beginners in the cryptocurrency market and people who do not understand what they are investing in, so when they see that the price is falling, they want to sell as soon as possible, and when it rises, they want to buy, and this is used by people with big pockets who can move in the opposite direction, thereby creating such sudden movements