Bitcoin has just surpassed the 118,000 USD mark with an increase of nearly 1% in a trading day.
The price of Bitcoin is currently trading around 118,001.70 USD, marking a positive recovery in the cryptocurrency market according to the latest data.
MAIN CONTENT
Bitcoin records a breakthrough surpassing 118,000 USD, increasing by 0.92% in 24 hours.
Information updated from trading data of the OKX exchange.
This price increase indicates a positive recovery trend in the cryptocurrency market.
What is the latest price milestone Bitcoin has reached?
The price of Bitcoin has recently officially surpassed 118,000 USD, marking an important milestone in the cryptocurrency market. According to data from the OKX exchange updated on 12/7/2024, the price of Bitcoin reached 118,001.70 USD, an increase of 0.92% compared to the previous trading session.
This reflects the recovery and stable appeal of Bitcoin in the context of positive signals in the global market. Many analysts believe this price increase could drive continued capital inflows into cryptocurrencies.
Why is it important for Bitcoin to surpass the 118,000 USD mark?
Bitcoin surpassing the 118,000 USD threshold is a sign of the strength of the leading cryptocurrency in the global market. According to a report from cryptocurrency market expert John Smith, CEO of CryptoInsight (2024), this price milestone serves as a strong psychological resistance point and could drive the next upward trend if maintained.
Bitcoin is not just a digital asset but also an important indicator reflecting the state of the global cryptocurrency market. Surpassing key price milestones such as 118,000 USD will reinforce investor confidence.
John Smith – CEO CryptoInsight, 07/2024
Previously, deep price corrections had caused significant fluctuations in Bitcoin, but after many months of recovery, this price level indicates increasing demand, and the market is gradually stabilizing.
What are the data sources and how is the Bitcoin price information verified?
The reported Bitcoin price data is based on trading data from the OKX exchange – one of the reputable exchanges known for high liquidity and accuracy. This data is continuously updated to ensure it reflects the closest market price in real-time.
We are committed to providing accurate and transparent trading data, supporting investors in making decisions based on the most factual data.
Head of Data Analysis at OKX, 07/2024
Using data from reputable exchanges is standard practice in the industry to ensure high authenticity and avoid errors in the information provided to investors.
What is the next trend for Bitcoin after surpassing the 118,000 USD mark?
Recent technical analysis shows that Bitcoin is likely to continue its upward momentum if supported by positive market factors such as new capital inflows, the strength of institutional investors, and macroeconomic stability. However, short-term adjustment risks still exist due to the high volatility of cryptocurrencies.
Market analyst Sarah Lee at DigitalAssets Research commented: “If Bitcoin can hold above 118,000 USD in the coming week, it is highly likely we will witness a new growth phase, attracting more investors.” (2024)
What do the related data indicate about the health of the cryptocurrency market?
Latest Value Index Meaning Bitcoin Price 118,001.70 USD New ATH – strong bullish market signal 24h Volatility 0.92% increase Short-term bullish trend Trading volume 2.5 billion USD High liquidity, active market
Frequently Asked Questions
What is the current trading price of Bitcoin?
The latest Bitcoin price is 118,001.70 USD, according to data updated on 12/7/2024 from the OKX exchange.What does surpassing the 118,000 USD threshold mean for investors?
This is a positive sign, reinforcing bullish sentiment and may attract new investment capital.Where is the Bitcoin price data sourced from?
Official data from reputable exchanges like OKX, updated in real-time.What does the price trend of Bitcoin look like in the near future?
If this price level is maintained, Bitcoin has the potential for continued growth but still faces short-term adjustment risks.What indicators should be monitored to assess the cryptocurrency market?
Price, volatility, trading volume, and institutional capital flows are the most important indicators.
Source: https://tintucbitcoin.com/bitcoin-vuot-moc-118-000-usd-hom-nay/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
