What Makes Bitcoin Price Go Up … or Crash Down?

What Makes Bitcoin Price Go Up … or Crash Down?
Some analysts claim bitcoin (BTC) is impervious to shocks that affect global finance; it’s a hedge against things like inflation, they claim, and a sure bet against tides of uncertainty. Not so, says the media. There are countless news articles showing bitcoin is affected by exogenous market shocks plus other things that don’t touch conventional financial products, such as international regulation and social media.In this piece, we’ll give you a quick rundown of the main catalysts driving bitcoin’s price up and down.Market eventsBitcoin’s price often falls in tandem with global markets. When the coronavirus pandemic throttled global markets in March…