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How Bitcoin Works And What Affects Its Price? - ExplainedPrices fell back to earth during an aggressive series of Federal Reserve rate hikes aimed at taming inflation and then the collapse of FTX, one. Within 24 hours, Bitcoin's value had increased by more than 11%. For the year, it's gained more than 90%. What's fueling the increase in value? Bitcoin and other cryptocurrencies were rising Wednesday, nearing recent highs amid a bevy of positive factors buoying digital assets. With Bitcoin supply.
