Bitcoin and cryptocurrencies at all have very volatile market, price is rising and falling all the time and there are many factor that are indicate this changes. It is pretty difficult to determine is something different would cause a crash, rising or falling the price. Bitcoin\'s market is like every other market with the simply economic low. The price is determined by the rules of the supply and demand. When supply is high there are more coins in the circulation and the price will be lower. Otherwise when demand is high, people are crazy for buying Bitcoin and they are ready to pay higher price just to get it. We can also observe this example in this way, price is high, more people want to invest which means that price will be even higher. Price will be rising to the moment when people start selling their Bitcoins in order to profit from rise, so the supply goes up, and we said in the text above what happen when supply is going up.
As we already said there is more than one factor that influence the price in the Bitcoin market, but the most important factor of all is adoption rate. And again there are also many factors that influence the adoption rate, for example media, governments and hard forks. Let\'s start with media. Adoption rates are affected by media hype that occurs when there are big changes in the Bitcoin market. Governments are observing cryptocurrencies as a threat to the financial system and some countries are banning its. When something is illegal people will avoid it. Hard fork is process of creating different cryptocurrencies from the original cryptocurrency and this is literally spreading people on the two sides. Best example is Bitcoin Cash, hard fork form the Bitcoin is one of the reason of current price drop.