Although cryptocurrency value isn’t responsive to inflation rates, GDP growth, and monetary policies in the same way that conventional government-issued currencies are, the Bitcoin price does fluctuate swiftly in response to events in the news (Bitcoin frequently breaks through its historic records following news releases relevant to cryptocurrency), regulatory changes, and market demand. Because Bitcoin is capped and intended for use in daily transactions, its scarcity keeps its price volatile.
As Bitcoin price fluctuates, serious investors and traders will often need to make quick buy and sell decisions throughout the day. This means investors need reliably and consistently updated data at their fingertips, so that they can make swift, informed decisions in the moment. A Bitcoin price tracker can make all the difference; digital currency price trackers not only monitor changes in the currency’s value but also provide up-to-date information related to trading volume and market capitalization.