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How Bitcoin Works And What Affects Its Price? - ExplainedSupply and demand: Cryptocurrency's value is determined by supply and demand. When demand increases faster than supply, the price increases. The price of cryptocurrencies - whether that's Bitcoin, Ethereum, or any other altcoin - is determined by. Bitcoin's price is primarily affected by its supply, the market's demand, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is.
