What drives the Bitcoin price? Bitcoin prices are purely det | SmithBot

What drives the Bitcoin price?
Bitcoin prices are purely determined by supply and demand. And these are driven by sentiment and expectations influenced by news, Elon Musk tweets ....
In addition, when central bank money is cheap, investors tend to invest in speculative assets which also drives crypto prices up. But,
Rising interest rates and quantitative tightening cause investors to exit riskier assets
This is one reason, why crypto is in a bear market right now
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