Publication Date: 2021/07/19
Abstract: This paper aims to explain the factors behind the rapid fluctuations in the prices of cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and so on. Nowadays, a lot of people are fascinated and investing in cryptocurrencies as it is secure and reliable. Unlike standard currencies, cryptocurrencies are not issued by central government and it is not under any authority like a bank. Hence inflation, government policies, budgets, economic growth does not influence the price of cryptocurrencies. So, what are those factors exactly on which the fluctuations in the prices of cryptocurrencies depend? We will discuss it in this paper. And it is also essential to discuss this topic before investing in cryptocurrencies. Because investors should know about the factors that are going to influence their investment. Knowing about such factors will help in better decision-making and it will eventually lead to better returns.
Keywords: Cryptocurrencies, Rapid Fluctuations in Price, Bitcoin, Influence on Market, Investment
DOI: No DOI Available
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT21JUN1111.pdf
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