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Some analysts have tried looking at social media to predict.
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What makes Bitcoin and other CryptoCurrencies go up in value?The rate at which bitcoin is rewarded is reduced about every four years. This is called a halving, where the number of coins given as a reward for successfully. 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. The price of Bitcoin (BTC) is moving higher on a positive federal court ruling the long-running SEC suit against Ripple Labs.
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