What makes cryptocurrency go up

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What makes Bitcoin and other CryptoCurrencies go up in value?
Because cryptocurrency is not regulated, several factors affect its value, including demand, utility, competition and mining. The value of cryptocurrency is determined by supply and demand, just like anything else that people want. Cryptocurrency is a class of digital assets, including Bitcoin and Ethereum, that runs without the need for a central authority.

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The value of cryptocurrencies depends on their demand and whether the supply can meet the demand, much like any other goods people trade. Just like physical products and services, the price of cryptocurrencies are impacted by competition. Frequently asked questions. The information provided in this material is not intended as a complete analysis of all material facts or circumstances regarding any country, region or market. Are cryptocurrencies "financial securities?