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11 Factors that Can Determine Bitcoin Price Volatility

Like most existing digital currencies or cryptocurrencies, Bitcoin is a very volatile cryptocurrency; between November 2017 and December 2017, its price had increased by at least 220 percent; many other instances have shown how volatile Bitcoin value and price have been and can be. But why has bitcoin price and value been so volatile? Well, it’s important to note that upward and downward price fluctuations and volatility of Bitcoin price on cryptocurrency exchanges are determined by many factors. This article discusses 11 factors that have determined and can still determine Bitcoin price volatility around any particular time period. (Featured Image Credit: Pixabay.com.)

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