Cryptocurrency Q&A
How is Bitcoin closing price determined?
How is Bitcoin closing price determined?
KabukiPassion
Sat Dec 21 2024
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7 answers
1742
I want to understand how the closing price of Bitcoin is determined. What factors or mechanisms influence this price and how does it get finalized at the end of a trading session?
7 answers
CryptoSavant
Mon Dec 23 2024
The total amount of Bitcoin is limited, with a finite number available.
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CryptoTitan
Mon Dec 23 2024
This scarcity contributes to the digital currency's value.
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GangnamGlitz
Mon Dec 23 2024
Market demand also plays a significant role in Bitcoin's pricing.
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Stefano
Mon Dec 23 2024
Bitcoin's price is determined by various factors.
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JejuSunrise
Mon Dec 23 2024
As the demand for Bitcoin increases, its price tends to rise.
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