Bitcoin's price is influenced by regulatory changes, supply and demand, mining costs, and market sentiment.

From Cointelegraph

November 22, 2024 1:05:00 pm:

Bitcoin’s price is driven by various factors such as supply and demand, mining costs, regulatory changes, and market sentiment.

Regulatory developments play a significant role in influencing Bitcoin’s price alongside supply and demand dynamics and mining costs.

Market sentiment, regulatory developments, mining costs, and supply and demand dynamics all contribute to the fluctuations in Bitcoin’s price.

Read more at Cointelegraph: What determines Bitcoin’s price?