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My Plan To Make Millions In Crypto In 2024 - 100x StrategyBitcoin's price is primarily affected by its supply, the market's demand, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is. The main reason was due to the Federal Reserve's approach towards a hike in interest rates, rising trust towards decentralized finance after the banking fiasco. Cryptocurrency can gain value on exchange platforms. It increases in value based on supply and demand. The supply of a cryptocurrency depends on.