Factors responsible for crypto price changes

[O_livia3]

What influences the price of cryptocurrencies in market? Are market supply, investor sentiment, government rules, and new technologies key in shaping their price changes?

[Kaile]

Market supply, demand, investor sentiment, government regulations, and technological advancements are some factors that affect the crypto prices in the U.S.

Government rules and new tech greatly change crypto prices. For example, Bitcoin rose after ETFs but fell with SEC (U.S. Securities and Exchange Commission) crackdowns. Ethereum's tech upgrades also boost prices. Simply put, news and tech updates move crypto markets.