Why does Bitcoin’s cash price fluctuate so much?

[peeej]

I'm assuming it's due to it's small market cap so large buy and sells will sway the market.

What do you the experts think?

Comments

[gnimeets]

It because a price has not yet been set. We need to find out where the support is. It was initially believed to be around $400 based on the price of the futures, but right now it is highly likely that it will drop as low as $200 from a high of $1400

[peeej]

Thanks for the explanation!