What Causes Increase and Decrease in the price of Cryptocurrency?

[nomad]

There are many reasons and one of them is demand and supply

 

[riberet19]

There are many factors such as market sentiment, spot purchases and sales, futures purchases and sales as well, positive or negative news can drive sentiment and thus purchases in general, which increases demand and decreases supply, increasing the price.

 

[Bisolami]

There are many reasons and one of them is demand and supply

I think the demand-and-supply is one of the major reasons that determine the price of cryptocurrency

 

[iyanpol12]

Even if the person is not trading at the moment he always make sure that sets price alerts so that he will know what is happening when he was not trading.

I used to get price alerts from exchanges like Binance, Coinex, Abra, Bitcoin.com, and a lot more. I get notified often.

 

[Bisolami]

I used to get price alerts from exchanges like Binance, Coinex, Abra, Bitcoin.com, and a lot more. I get notified often.

Ooh that's great
Out of all you listed here, I only make use of Binance. It is my favorite

 

[iyanpol12]

Ooh that's great
Out of all you listed here, I only make use of Binance. It is my favorite

Binance is good. But I often received alerts from the other platforms. Hehe

 

[Bisolami]

Binance is good. But I often received alerts from the other platforms. Hehe

Ooh that's nice
I guess Binance does not send the alerts as much as other platforms
They don't send it to me all the time

 

[iyanpol12]

Ooh that's nice
I guess Binance does not send the alerts as much as other platforms
They don't send it to me all the time

Yeah. I get most alerts from Coinex. Binance, Kucoin, and Poloniex sends alerts mostly about their promos. Hehe

 

[Bisolami]

Yeah. I get most alerts from Coinex. Binance, Kucoin, and Poloniex sends alerts mostly about their promos. Hehe

Ooh I understand you
I guess they are trying to inform you either about the promo or something.

 

[iyanpol12]

Ooh I understand you
I guess they are trying to inform you either about the promo or something.

Yeah. But joining those promos isn't easy. Thus, I'm ignoring it.

 

[Bisolami]

Yeah. But joining those promos isn't easy. Thus, I'm ignoring it.

You are very right and that is why I always ignore anything that will stress me or anything that will not yield positively

 

[iyanpol12]

You are very right and that is why I always ignore anything that will stress me or anything that will not yield positively

Yes. Even the referral thing on Binance. It isn't that much of benefits except the lesser fee on trading.

 

[Reedex]

Demand and supply is one of the things that would drive the price of cryptocurrency.

 

[LoukiaCharilaou]

This is a very good question indeed. I would also like to know what causes these fluctuations. I am sure that there are several factors that determine the price of cryptocurrencies we do not know.

 

[gammarays]

The crypto market just works like the physical market. The law of demand and supply affects it. When there is high demand for a token, the price will pump and vice versa.

 

[Reedex]

The supply and demand of cryptocurrency is the major factor that affect it price.

 

[flower]

The supply and demand of cryptocurrency is the major factor that affect it price.

It is true that the demand and supply dynamics is responsible for the increase and decrease in the prices of cryptocurrencies.

 

[Blessed19]

I'm yet to figure out if what is the reason of sudden increase and decrease in the price of different cryptocurrency and would love to learn in simple language. Thanks

If you look at it this way, the rise of Bitcoin and other crypto coins in the market depends on the rate at which it is being invested on as when it is being sold or swapped there is a lot certainty of it dipping and if there is massive money pumped into it then there is always a high possibility of the coin getting a good and considerable amount of rise in the price value of the coin.

 

[Suba]

It is true that the demand and supply dynamics is responsible for the increase and decrease in the prices of cryptocurrencies.

Basically, the influence of the market price of any item is influenced by demand and supply factors, but it is more difficult to study the causes of changes in demand and supply factors, we often use fundamental analysis and market sentiment.

 

[cherry123]

I think major causes of the increase and decrease in the prices of cryptocurrency which is because of the level of demand and supply in the crypto-currency market available all the time