Political and Economic Factors have time and again affected Bitcoin’s Price and the demand for cryptocurrencies, the latest one being no-deal Brexit. While the exact effects continue to be debated and delved upon, let us have a look at some of the politico-economic events influencing the demand of cryptocurrencies and Bitcoin price. No Deal Brexit
Bitcoin, which was looking to break bearish in the past week, rejected yet another attempt to fall below $9000. The price of Bitcoin at 5: 30 hours UTC on 20th August 2019 is $10,796. It is trading 2.83% higher on a daily scale. The Bakkt announcement has had a significant positive effect on market sentiments.