Bitcoin's price is notoriously volatile, driven by a complex interplay of factors including supply and demand, market sentiment, regulatory news, technological developments, and macroeconomic events. It's a decentralized digital currency, meaning its value isn't controlled by any central bank or government. This inherent independence, coupled with limited supply and increasing adoption, can lead to dramatic price swings, attracting both speculative investors and long-term believers. Keep in mind that past performance is not indicative of future results, and investing in Bitcoin carries significant risks.
