Many people wonder what affects BTC quotes that they fluctuate so sharply. The analysis of quotes and events shows that the price depends on numerous factors. We will outline the most important price drivers. Factors affecting BTC quotes: Functionality. Digital assets are more attractive if they can be used for buying goods and services; Popularity. The more attention a coin gets, the more potential investors it can attract. Political events, legislative decisions Cloud technology news High-profile crypto. When a famous person invests or simply plans to put money into a digital asset, its value surges.

Streaming charts are created for tracking changes in the value of assets. A range represents different time intervals. Streaming charts resembles a streaming river. This is where their name comes from. Each and every trading instrument has a streaming chart. A BTC chart is a histogram showing its price dynamic. Data is updated online and gives a general idea of market trends. It shows what happens to quotes and how price changes. The chart tracks BTC price changes at various time intervals, including opening/closing levels and daily/yearly highs and lows. Different trading instruments can be used for comparison.

IFXBIT offers an array of indicators, including Japanese candlesticks, bars, lines, Heiken Ashi, etc. Various time frame options have been created for your convenience. Beginners can monitor quotes on streaming charts. Meanwhile, savvy traders can also make forecasts for the future. By analyzing changes in quotes, you can predict their future behavior. However, you should never forget about factors that can trigger either a bear run or a bull run. We have already outlined these factors. By analyzing quotes, you can see how other BTC traders behave. The IFXBIT platform updates the latest changes online. It shows trading volumes, prices, and the amount of bought/sold BTC.

The army of crypto fans is growing. BTC attracts not only large investors but also beginner traders and celebrities. Bill Gates and Elon Musk are both enthusiastic about the flagship cryptocurrency. In fact, the list of crypto billionaires is constantly expanding. Trading BTC is simple. An IFXBIT account is all you need for trading and withdrawing funds. The right trading style and strategy as well as clear goals always pay off. Crypto trading strategies: Crypto trading serves two purposes: speculation on price fluctuations and long-term investing. If you have not decided on a trading floor yet, we offer IFXBIT to your attention. Here you can trade via a unique platform or MetaTrader 4. Leverage and a low minimum deposit will help you yield even more profit.

• Intraday trading is about opening/closing positions during the day with bets on daily volatility.
• Trend trading and arbitrage strategy involve placing a position based on price changes. You sell when the price goes up and buy when it goes down.
• Hedging. You open a reversing trade to reduce risks
• Scalping. You open small short-term trades.
• Buying and long-term storing

Bitcoin is not the only available digital asset in the cryptocurrency market. However, BTC is a flagship crypto. You can find out why in the article Bitcoin Dominance Chart. Blockchain technology allows users to create an unlimited number of new cryptocurrencies. Notably, there are more than 7,000 of them in the world. All crypto launched after Bitcoin are called altcoins. Their main difference from the first cryptocurrency is in the way they are coded. The first altcoin was Namecoin (NMC), which appeared in 2011. Since that time, other alternative digital currencies have been created. By inventing new cryptocurrencies, developers wanted to overcome the drawbacks that Bitcoin had. For example, they wanted to speed up transactions, add additional encryption, and expand functionality. The most popular altcoins are Ethereum (ETH), Binance Coin (BNB), Tether (USDT), Solana (SOL), Litecoin (LTC), and others. They were created after Bitcoin. Nevertheless, they managed to take their share of the cryptocurrency market. At the same time, it is proven that their quotes follow the BTC price. Bitcoin's real-time quotes show that it is more expensive than altcoins. Thus, many traders consider them a more affordable investment. Importantly, transactions with any cryptocurrency have advantages and risks. The crypto market is developing and the areas of application are expanding. At the same time, high volatility can bring big profits as well as heavy losses. To avoid disappointment, you can diversify your portfolio and invest in different coins.

The company's assets speak for its size. The same is true for digital money. You can learn more about the BTC market capitalization in the article Bitcoin Market Cap Chart. The total crypto market capitalization exceeded $2.2 trillion in late 2021, which was the value of all the coins on exchanges. This figure is comparable to the market capitalization of Microsoft and it is $0.5 trillion less than Apple's market cap. In November 2021, this value exceeded $3 trillion amid the sharp growth of crypto. This suggests that cryptocurrencies are a strong force in the global financial market. Bitcoin is the most important of them. It has the largest market cap. Ethereum and Tether are also in the top 3.

Cryptocurrency capitalization: Bitcoin (BTC) – $732.5 billion; Ethereum (ETH) – $335 billion; Tether (USDT) – $78.6 billion; Binance Coin (BNB) – $70.5 billion; USD Coin (USDC) – $42.9 billion. The bigger the market cap, the greater the confidence in digital assets. As a consequence, demand and price for them increase. In 2021, almost all coins had a successful year with some of them adding incredible gains. For example, Polygon (MATIC) quotes increased by more than 11,000%, and its market capitalization approached $14 billion. The price of Terra (LUNA) increased by 9,500%. The capitalization of this crypto hit $23 billion. Solana (SOL), Dogecoin (DOGE), and other altcoins were also on the list of top-gainers. As for Bitcoin, its price soared by 60% in 2021.

Usually, BTC are exchanged for US dollars. Read about their ratio in the article How many BTC you can buy for $100. Initially, the two currencies were compared informally. The first Bitcoin trades took place in 2011. At that time, BTC was only worth a few dollars. To calculate how many Bitcoins you can buy for the USD now, you need to check the BTC/USD pair's exchange rate. It is available on the websites of trading platforms. You can store BTC in a cryptocurrency exchange or in an electronic wallet. The main advantage of the first option is its security and the second one is more simple and more convenient. In the world of finances, the US dollar is considered the main competitor to Bitcoin. Among the main advantages of the US currency are its solid history, global recognition, and relatively low volatility. Bitcoin is rapidly gaining popularity but its area of application is narrow. The same cannot be said about the US dollar, which almost all the world's economies use. In addition, digital money still does not have clear tax regulations in some countries. At the same time, the US dollar is more vulnerable to inflation. At the end of 2021, inflation in the US exceeded the forecasts and was over 6%. Meanwhile, BTC showed growth. The BTC/USD pair’s chart shows that news about US inflation is pushing the BTC’s price higher. This happened at the beginning of 2022 when data revealed that the US dollar’s purchasing power declined. The same happened in 2021.

Analysts make different forecasts for Bitcoin prices. Read about the BTC price expectations for the near future in the article Bitcoin: Monthly forecast. US American financial company Quantum Fintech Group head Harry Yeh believes that the BTC price may increase to $400,000 in 2022. He reckons that demand from investors can trigger such an increase as investors see Bitcoin as a way to protect their money from inflation. Representatives of Finam Investment Holding have a less optimistic outlook. Analyst Sergei Perekhod is sure that Bitcoin can reach $400,000 only under one condition. It will happen if the advanced world economies switch to cryptocurrencies. He predicts that Bitcoin is likely to trade in the range of $20,000-$50,000 in 2022. Some analysts believe that Bitcoin is more likely to reach $80,000-$100,000 in 12 months. BTC upside potential in 2022: The growth of the acceptance index. In 2021, this global indicator increased almost tenfold; Demand on the part of institutional investors; Protection against inflation. It is difficult to predict the value of Bitcoin, as well as other assets. Its quotes are affected by many factors, and some cannot be foreseen. In a short period of time. they can both boost prices or collapse the market. For example, in January 2022, Bitcoin dropped to $38,000 from $43,000. This happened against the news about Russia's intention to limit Bitcoin transactions.

Bitcoin is a highly volatile asset. This factor is unlikely to fade in the future. At the same time, BTC becomes a hedge against inflation along with gold. Both analysts and financial institutions recognize this. They all predict a bright future for the first cryptocurrency. If you decide to invest in Bitcoin, do it with the IFXBIT crypto exchange. Your trades will be safe and trading will be simple and convenient.