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What makes the Price of Crypto Go Up or Down?Bitcoin devotees will tell you that, like gold, its value comes from its scarcity�Bitcoin's computer algorithm mandates a fixed cap of 21 million digital coins. The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes. The Bitcoin price is defined by supply and demand. When there is more demand for Bitcoin, the price goes up. When there is less demand, the price goes down.
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