Why Does the Price of Bitcoin Fluctuate?

When it comes to cryptocurrencies like Bitcoin if there is one thing you can be sure of, it is that the prices can change drastically within a matter of hours. The price fluctuation in cryptocurrencies is quite rampant and it leaves everybody confused as to why it happens so much. The changes in the price of cryptocurrencies is driven by a number of factors.

Now, the volatility of the trading assets in traditional market is measured using the Volatility Index aka the CBOE Volatility Index. The volatility of cryptocurrencies does not have a specific term yet…