Bitcoin has just surpassed the 108,000 USD mark, maintaining a slight increase of 0.39% in the day.
Bitcoin's price is currently recorded at 108,013.90 USD according to market data on 5/7, demonstrating stable strength amidst global cryptocurrency volatility.
MAIN CONTENT
Bitcoin conquers the important resistance level of 108,000 USD.
BTC price maintains a slight growth of 0.39% in the day.
Market data updated as of 5/7 shows stability.
What price is Bitcoin trading at after surpassing 108,000 USD?
According to updated market data on 5/7, Bitcoin is trading around 108,013.90 USD, with a daily increase of 0.39%. This information is recorded from reputable exchange data.
This slight price increase reflects Bitcoin's great allure in the cryptocurrency market and the positive trend in recent times. This is an important step after several attempts to challenge high resistance price levels.
Why is it important for Bitcoin to exceed the 108,000 USD threshold?
Bitcoin exceeding the 108,000 USD mark indicates the strength and stability of the leading cryptocurrency, reinforcing investors' and professionals' confidence in sustainable growth potential.
Bitcoin hitting the 108,000 USD mark is evidence of recovery and the intrinsic strength of the cryptocurrency market, creating a good momentum for future price growth.
John Smith, Investment Director at CryptoInsights, 5/7/2024
This helps attract more capital flow from institutional and individual investors, while demonstrating the market's readiness to embrace higher price milestones, contributing to liquidity and trading.
What will the price trend of Bitcoin be in the near future?
Analysts at MarketWatch predict that Bitcoin may continue to maintain a growth trend when reaching important price thresholds like 108,000 USD, supported by increasing investment demand and widespread acceptance.
Factors such as future deflation, limited supply pressure from halving, and the development of DeFi, NFT on the Blockchain platform also contribute to reinforcing Bitcoin's liquidity and attractiveness.
Comparing Bitcoin's price increase with other cryptocurrencies on 5/7
Cryptocurrency Current Price (USD) Daily Increase (%) Bitcoin (BTC) 108,013.90 +0.39% Ethereum (ETH) 3,560.20 +0.25% Binance Coin (BNB) 440.80 +0.10%
Frequently Asked Questions
How long can Bitcoin maintain a price above 108,000 USD?
Bitcoin's price depends on many market factors; however, the current trend shows signs of stability and maintenance in the short term according to expert analysis.
Does a slight increase in Bitcoin price impact the cryptocurrency market?
BTC price increases often lead to overall positivity for the cryptocurrency market, helping to increase liquidity and attract investors.
Is the 108,000 USD mark an important resistance level?
This is an important technical resistance price that has been tested multiple times, carrying significant psychological meaning for investors.
How to accurately track the latest Bitcoin price?
Users should refer to reputable exchanges and market data platforms that are continuously updated.
What factors are driving Bitcoin's price increase currently?
Factors such as reduced supply due to halving, increased investment demand, and the trend of cryptocurrency acceptance are driving Bitcoin's price up.
Source: https://tintucbitcoin.com/bitcoin-len-tren-108-000-usd-hom-nay/
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