With the latest data, Bitcoin's price has just surpassed 117,000 USD, increasing by 5.07% in just one trading day.
Bitcoin is currently trading at 117,064.70 USD per coin, marking strong growth and positive signals in the cryptocurrency market.
MAIN CONTENT
Bitcoin has just reached a price of 117,064.70 USD, up 5.07% in 24 hours.
The price increase reflects recovery strength and positive trends in the cryptocurrency market.
This index is recorded from market data provided by the leading exchange.
What price is Bitcoin currently at according to the latest market data?
According to official data from the leading exchange, Bitcoin has surpassed the 117,000 USD mark, currently trading around 117,064.70 USD, reflecting a 5.07% increase for the day.
A strong increase in Bitcoin's price indicates a significant recovery after a period of volatility, affirming the position of this cryptocurrency in the global market, according to the latest report from the market on July 11, 2024.
Why is Bitcoin's 5.07% increase in a day important?
An increase of more than 5% in 24 hours is a strong positive signal, indicating that large capital is returning to the cryptocurrency market, reinforcing investor confidence and boosting liquidity.
Bitcoin has just recorded a significant breakthrough, creating new momentum for the cryptocurrency market, which will help attract the interest of both individual and institutional investors.
Nguyen Van Hung, Director of Cryptocurrency Market Analysis, 11/07/2024
Typically, such exceptional price increases signal a prolonged upward trend that may continue, creating appeal for Bitcoin traders and holders.
What factors could affect Bitcoin's price in the near future?
Decreased supply, investment flow into the DeFi market, wider acceptance, and positive legal news are key factors driving Bitcoin price fluctuations.
For example, a report from a cryptocurrency research company in New York (2023) shows that the push for Blockchain adoption in traditional financial institutions contributes to sustainable growth in Bitcoin's price.
Compare Bitcoin's price increase with prominent Altcoins during the same period
Cryptocurrency Current Price (USD) 24 Hour Growth (%) Bitcoin (BTC) 117,064.70 5.07% Ethereum (ETH) 3,600.50 3.82% Binance Coin (BNB) 480.25 4.15%
Frequently Asked Questions
What is the current price of Bitcoin? According to the latest data on 11/07/2024, Bitcoin is trading at 117,064.70 USD with a 5.07% increase in 24 hours. What does a 5.07% increase mean for investors? This result reflects strong recovery momentum, helping to reinforce confidence and attract new capital flows into the cryptocurrency market. Can Bitcoin maintain an upward trend in the long term? Many experts assess the potential for sustainable growth if factors such as cryptocurrency acceptance and legal support continue to develop. Will altcoins rise with Bitcoin? Most major tokens like Ethereum and Binance Coin also increase in price but to varying degrees, depending on liquidity and the individual trends of each coin. Where does Bitcoin price information come from? Price data is updated from reputable exchanges, reflecting actual trading fluctuations on the global market.
Source: https://tintucbitcoin.com/bitcoin-vuot-nguong-117-000-usd-hom-nay/
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