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As of the date this price in crypto markets is transfer large sums of money.
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Who Determines the Price of Cryptocurrencies?Supply and demand: Cryptocurrency's value is determined by supply and demand. When demand increases faster than supply, the price increases. Because cryptocurrency is not regulated, several factors affect its value, including demand, utility, competition and mining. Cryptocurrency and stock prices are somewhat correlated after accounting for cryptocurrency's volatility. Many of the factors that affect stock prices also.
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