Bitcoin Price Volatility Driven Mainly by Sentiment Rather Than Fundamentals

BY admin user

According to analysts at GSR, the unpredictable fluctuations in Bitcoin prices are primarily driven by sentiment rather than fundamental factors. Market observers are now focusing on four key factors that could influence Bitcoin’s price: the U.S. presidential election, central bank monetary policies, the U.S. economy, and the sale of Bitcoin seized by the U.S. government in the Silk Road case.

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