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Factors that lead to Cryptocurrency price fluctuations

There are some factors that may lead to cryptocurrency price fluctuations, such as:

  1. Market Demand and Supply: just like any other asset, cryptocurrencies are subject to market forces, which means fluctuations can occur based on supply and demand.
  2. Regulations: the regulatory environment can impact the price of cryptocurrencies, especially since cryptocurrencies are unregulated in many countries. Changes in regulations can have an immediate impact on the demand for cryptocurrencies.
  3. Adoption: fluctuations can occur depending on how widely adopted a cryptocurrency is within the marketplace. The more widespread the adoption of a cryptocurrency, the more valuable it is likely to be.
  4. Global Events: global events such as political turmoil, economic struggles, and natural disasters can impact the value of cryptocurrencies, similar to any other asset.
  5. News & social media: the news cycle and social media can have a significant impact on cryptocurrency prices. Positive news can drive prices up, while negative news can push prices down.

Just like any other currency or equity, Bitcoin/Crypto value can also change.

Due to these reasons, we recommend you:

  • Buy only the amount in Bitcoin/Crypto that you plan to deposit.
  • Withdraw only amounts that you will immediately convert back to government-issued currency (e.g., US Dollars or your local currency).

By following these guidelines, the possibility that a drop in value could affect you is significantly lower.

Important: Here at Betcris, we do not promote the use of Bitcoin/Crypto as an investment tool.

Be sure to read the Cryptocurrency Disclaimer.