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Four factors driving the price of Bitcoin

The price of Bitcoin has dropped to around A$8,000 in the last few days, after almost hitting A$10,000 in the past month, and rising over 1,850% since 2015 . All of this shows how volatile the currency is, prompting the question, what leads to such huge movements?

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Date: 2017-12-30 08:12:19
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Bitmain, the biggest bitcoin mining pool which controls its own hashrate while employing hundreds, suggested they may support Bitcoin Cash (BCC) in a statement today:

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This Bitcoin chart shows Bitcoin priced in US Dollars through a feed from Coinbase , an exchange where Bitcoin can be bought and sold.

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