Its the circulating supply or the velocity of the money that sets prices.
Discussion
in case of FIAT ONLY when it GOES outside BANKS LEDGER into public accounts > TRIGGER inflation as in ENTERS into CIRCULATION - IF 100Trillion SIT DUCK in ANY BANKS show in CHART -> it does NOTHING
Bitcoin also works somewhat same (impact is MUCH LOWER) since bitcoin economy is just fraction of fiat
"Circulating" wrong term used in blockchain - "minted" or "mined" right word 19.3M but VERY circulating.
Price mostly derived from RAMPING