Bitcoin has just surpassed the price of 115,000 USD, with an impressive growth of 3.22% in just one day.
Bitcoin is currently fluctuating around the level of 115,000 USD each, creating a positive signal for the global cryptocurrency market amidst strong volatility.
MAIN CONTENT
Bitcoin reaches 115,000 USD, up 3.22% in 24 hours.
The current Bitcoin price reflects a strong recovery trend in the cryptocurrency market.
This positive impact contributes to attracting the attention of investors and analysts.
What price is Bitcoin at and how has it been fluctuating recently?
Bitcoin has just conquered the price of 115,000 USD, up 3.22% in one day, according to market data updated on July 11, 2024, demonstrating superior price strength compared to other cryptocurrencies.
Financial expert Nguyen Van Minh states: 'Bitcoin reaching a peak above 115,000 USD shows a strong recovery and increasing confidence from investors in cryptocurrencies amidst a globally volatile economic situation.'
What does this development mean for the trends in the cryptocurrency market?
The strong increase in Bitcoin's price is not only a sign of recovery but also helps solidify its leading position in the global cryptocurrency market. According to the 2024 report from research firm CoinMarketCap, Bitcoin accounts for about 45% of the total market capitalization, so this price increase has a positive impact on the entire industry.
'The continuous growth of Bitcoin confirms its key role in shaping trends and attracting new capital into the cryptocurrency market.'
Nguyen Hoang Long, Investment Director TechFinance, 7/2024
What are the reasons driving Bitcoin's price above 115,000 USD?
The event of Bitcoin hitting this high price stems from strong buying demand from whales and institutional investors, along with positive news about scaling policies for Blockchain applications and Ethereum network upgrades. On-chain data shows continuous cash flow into Bitcoin in the second quarter of 2024.
How does Bitcoin's growth compare to other cryptocurrencies?
Cryptocurrency Current Price (USD) 24-hour Growth Rate Market Capitalization Bitcoin 115,000 3.22% 2.15 trillion Ethereum 3,850 2.15% 460 billion BNB 440 1.90% 70 billion
What do experts recommend investors do when Bitcoin's price rises sharply?
Financial experts recommend closely monitoring Bitcoin's fluctuations and maintaining a strict risk management strategy, avoiding FOMO as the market enters a period of high volatility. Mr. Le Anh Son, financial analyst, stated: 'HODLing Bitcoin at this price is a reasonable strategy for long-term investors.'
'Investors should utilize technical tools to predict reasonable entry points while diversifying their portfolios to minimize risks from sudden market fluctuations.'
Le Anh Son, Financial Analyst, 6/2024
Frequently Asked Questions
How long can Bitcoin maintain the price of 115,000 USD? Maintaining the price depends on the cash flow into the market and macroeconomic events. According to experts, it is necessary to closely monitor on-chain signals and global news. How does Bitcoin's price increase impact altcoins? A rise in Bitcoin typically heats up the entire cryptocurrency market, contributing to increased capitalization and liquidity for many significant altcoins. What should new investors do when Bitcoin's price fluctuates sharply? They should thoroughly understand the technical and fundamental aspects, apply appropriate risk management, and avoid investing based on emotions to limit unwanted losses. Is the increase in Bitcoin's price related to the policies of countries? Global legal and financial regulations are major determinants that can create incentives or pressures on Bitcoin's price. Can Bitcoin continue to rise above ATH in the future? Financial experts evaluate that Bitcoin has the potential to increase in price due to trading volume, investor acceptance, and Blockchain technology development.
Source: https://tintucbitcoin.com/bitcoin-vuot-115-000-usd-tang-322/
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