Bitcoin Tutorials - Herong's Tutorial Examples - Version 1.03, by Dr. Herong Yang
Bitcoin Market Price Value
This section describes the market price value of Bitcoin.
Like any other currency, the price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because Bitcoin is still a relatively small market compared to what it could be, it doesn't take significant amounts of money to move the market price up or down, and thus the price of a bitcoin is still very volatile.
Below is the history of Bitcoin price on the US dollars:
Last update: 2017.
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