How Is Bitcoin’s Price Determined?
Bitcoin's price changes because of its supply, the market's demand, media and news, and regulatory changes. Some research suggests that the cost of producing a bitcoin also influences its prices, but most reports used assumed data rather than facts.

Bitcoin is not issued by a central bank or backed by a government; therefore, the monetary policy tools, inflation rates, and economic growth measurements that typically influence the value of a currency do not apply to Bitcoin.

Bitcoin's decentralized nature and limited supply are key factors in its price determination, setting it apart from traditional currencies. The absence of central control and unique market influences make Bitcoin a unique asset class with a distinct price discovery mechanism.