Regulation is now much more present than in Bitcoin’s earlier days. Let's discuss some of the largest ones.ġ. These points mean that the factors that affect Bitcoin's trading today are often different from those in its early days. Institutional investment in virtual currencies is also growing, giving speculation a bigger role. Increased adoption in retail, finance, and politics means even more factors affect Bitcoin’s price and trading. Which factors influence Bitcoin trading now?īitcoin now shares more in common with traditional assets than in its early days. We’ll explore this topic further later on. Some hacked exchanges held substantial Bitcoin supplies, causing significant price shocks and a lack of market confidence. Bitcoin’s price was often significantly affected as these markets and exchanges were hacked, closed, or regulated. These included cryptocurrency exchanges and deep web markets. Ultimately, you could use a combination of all of these methods to get a balanced view.Īs Bitcoin’s price and popularity rose, a small, unregulated industry became increasingly involved in facilitating transactions and trading. When it comes to fundamental analysis, the Stock to Flow and Metcalfe models track Bitcoin’s price reasonably well. The Hyperwave Theory also ties price into investor sentiment in cyclical phases. In the long run, you can get a macro view by looking at models that use technical, fundamental, and sentiment analysis.įor technical analysis, Bitcoin’s Logarithmic Growth Curve and the Hyperwave Theory are two interesting models.

Gox exchange hack of 2014 and the 2020 stock market crash can explain some short and mid-term price behavior. As of August 2021, Bitcoin’s market cap is roughly $710,000,000,000 and its crypto market dominance is just under 50%.Įvents like the Mt. The journey has been volatile, often reacting to political, economic, and regulatory happenings.īitcoin has experienced, on average, 200% growth per year.

So far, the cryptocurrency has had an all-time high of roughly 64,000 US dollars and increased mainstream adoption. Bitcoin has experienced five significant peaks in price since its creation in 2009.

Bitcoin stock price 2017