Recently, Bitcoin's price has been extremely volatile. Macroeconomic factors contributing to this include global economic uncertainties and central banks' monetary policies. For instance, when central banks implement quantitative easing, more liquidity floods the market, potentially driving up Bitcoin's price as investors seek new investment channels. 

Internal factors within the cryptocurrency market also play a role. Bitcoin's halving mechanism, which reduces new coin supply every four years, can boost its scarcity and price. Additionally, market sentiment, influenced by news like a major exchange's security breach or a new regulatory policy, can cause rapid price swings.