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How Bitcoin Works And What Affects Its Price? - ExplainedThe value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes. In the beginning of the new year , BTC rose to a high at $45, and the world crypto market capitalization is trading at $ trillion as of Jan. 03, The price of cryptocurrencies - whether that's Bitcoin, Ethereum, or any other altcoin - is determined by supply and demand. Put simply, the price of a given.
