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This article offers insight into Bitcoin's volatility and some reasons why its price acts the way it does. If people believe that Bitcoin is worth a specific amount, they will buy it, especially if they think it will increase in value. That consolidation set up Bitcoin for a strong run in when it began to attract more notice outside a niche audience of techies and hobbyists. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. As an asset class, Bitcoin continues to evolve along with the factors that influence its prices.
