What determines the Bitcoin price?

Cointelegraph

Published Jul 02, 2022 10:00AM ET

Updated Jul 03, 2022 12:40PM ET

If BTC's price drops to zero, it will impact the traders, institutional investors, price of other digital currencies, cryptocurrency enterprises and the whole financial system.

Now, assuming that BTC's price declines to zero, it will impact the price of other cryptocurrencies. As a result, many investors could just withdraw (completely or substantially) to reduce losses, depending on their type of investment.

Supply and demand/h3

Competition and news/h3

Cost of production/h3

Regulation/h3

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