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How Bitcoin Works And What Affects Its Price? - ExplainedWhat determines cryptocurrency prices? � Supply � Demand � Utility � Competition � Availability � Popularity. Supply and Demand Economics tells us that price is determined by supply and demand. This applies to crypto, as well; theoretically, the. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted, created prior to.
