Vietnam has legalized digital assets, categorizing them into virtual and crypto assets, with a new law coming into effect on January 1, 2026. This measure aims to foster innovation and address international compliance standards, particularly concerning cybersecurity and anti-money laundering.
Despite geopolitical tensions, the Crypto Fear & Greed Index remains in the 'greed' zone, indicating a strong market sentiment. The price of $BTC has shown fluctuations, trading around $105,670 after a drop from its historical high of $111,970.
In recent days, the price of Bitcoin has experienced volatility due to a less favorable Consumer Price Index (CPI) report. However, Bitcoin has demonstrated resilience, hovering close to its record high and showing a strong correlation with positive economic indicators and investor sentiment.
Analysts are optimistic about Bitcoin's potential to break its historical high in the coming weeks, supported by recent bullish patterns in the market. Important price levels to watch include $112,000 and $137,000 for a possible upward movement, while support levels are identified around $107,000 and $100,000.