<ul><li>Bitcoin's daily price swings are unpredictable due to market sentiment, which is influenced by news, social media activity, and famous cryptocurrency personalities.</li><li>Demand often rises when significant financial institutions or businesses launch services related to Bitcoin, while significant cryptocurrency exchange hacks, government prohibitions, or changes in tax policy can lead to price drops.</li><li>Bitcoin's daily price is also affected by its limited quantity, mining operations, market liquidity, legal developments or regulatory news, network developments or technological advancements, conventional markets, and macroeconomic elements.</li><li>Whale activity can also have a significant impact on Bitcoin's daily price fluctuations.</li></ul>

What Impacts Bitcoin’s Price on a Daily Basis

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