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There's also significant anticipation around the reintroduction of monetary policies taking advantage of their extensive buying pressure.
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What Makes the Price of Cryptocurrency Go Up?The main reason was due to the Federal Reserve's approach towards a hike in interest rates, rising trust towards decentralized finance after the. Put simply, the price of a given cryptocurrency is determined by how much interest there is in the market to buy (demand) as well as how much is available to buy (supply). The main theory behind cryptocurrency value is if enough people agree it is valuable, then it becomes more valuable. Without regulation, demand.
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