What factors affect the calculation of btc price?

1 answers

• May 04, 2022 · 3 years ago
  At BYDFi, we believe that the calculation of btc price is primarily driven by market forces. Supply and demand dynamics, investor sentiment, and macroeconomic factors all contribute to the determination of btc price. However, it's important to note that the btc price on BYDFi may differ slightly from other exchanges due to factors such as liquidity and trading volume. As an exchange, we strive to provide a fair and transparent trading environment, and our prices are influenced by market conditions and the actions of our users. It's always a good idea to compare prices across different exchanges and consider factors such as liquidity, fees, and security when trading bitcoin.
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