View Why Did The Price Of Bitcoin Go Up Background. As interest in cryptocurrency grows, and more people start to buy bitcoin, the prices are going to keep increasing. The recent slide is a reversal from the dramatic rise that started in the second half of last year.
Over the last few months, the bitcoin market has been on a major bull run. Bitcoin's three key drivers mean one thing for 2021: But bitcoin's price seems to have fallen far enough.
So investors would have to pay 69% more per share than the underlying asset is worth.
Over the last few months, the bitcoin market has been on a major bull run. The bitcoin market crashed overnight, with the price of bitcoin dropping by 11% in the last 24 hours. Why is bitcoin going down / up summary bitcoin's price is defined by the last trade conducted on a specific exchange. Price goes up when buying pressure increases, and goes down when selling pressure increases.