Generally, whenever a large amount of bitcoin is sold on the market, it drags the price down.
For example, when government authorities seize substantial amounts of Bitcoin from illegal operations, they auction these Bitcoins to the public. Since authorities aren’t in the business of maximizing trade profits, large amounts of Bitcoin are sold below the market price. This, in turn, causes Bitcoin’s price to fall.
Bitcoin trading on global markets is also relatively new. Yet, after several years of close analysis, experts have noticed a trend of influences, unlike any seen before, that can cause bitcoin prices to change rapidly and dramatically. Below I broke down the most common and powerful influences to watch for when spot trading bitcoins on an exchange.
Bitcoin’s rapid price volatility has often baffled even the most experienced economists, especially as its price movements rarely share any correlation with any other currency, commodity, or value store traded on global.
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