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The REAL Reason Bitcoin Price is PUMPING! (8 Minute explanation)The value of cryptocurrency is determined by supply and demand, just like anything else that people want. If demand increases faster than supply, the price goes. So what has caused Bitcoin to pass the psychologically important $40, mark again? Bloomberg says there are two likely reasons. First, is. According to Bitfinex analysts, miners were either selling their Bitcoin holdings or leveraging the coins to raise capital ahead of the halving.
