Bitcoin just had a slight correction below 117,000 USD, trading around 116,996 USD with a slight daily increase of 0.06%.
BTC continues to show stability after dropping below the threshold of 117,000 USD, indicating a balanced market sentiment amidst current cryptocurrency volatility.
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Bitcoin has slightly decreased below 117,000 USD, trading at 116,996 USD.
The daily price volatility occurred with a 0.06% increase indicating temporary stability.
The market situation reflects a balance between buying and selling forces in the short term.
What is the current price of Bitcoin and what is the trend?
Based on the latest data from the OKX market, Bitcoin has decreased below the threshold of 117,000 USD, specifically trading at 116,996 USD with a slight increase of 0.06% over the day. This information indicates that BTC is maintaining a stable trend after the previous strong price fluctuations.
According to the report from the CEO of the cryptocurrency exchange, Bitcoin maintaining the price above 116,000 USD indicates strong resistance from large investors and reinforces market confidence at this time.
What factors are influencing the price of Bitcoin recently?
The adjustment of Bitcoin's price below 117,000 USD is not surprising in a cryptocurrency market cycle that is very sensitive to macroeconomic factors and investment psychology. Many experts assert that liquidity and cash flow from BTC whales play a major role.
Bitcoin remains the dominant cryptocurrency asset, maintaining significant interest from institutional and individual investors in 2024. This helps ensure that price corrections do not lead to severe declines.
James Roberts, CEO of a Blockchain analytics company, 05/2024
Data from major exchanges shows that daily transactions of BTC remain high, specifically with tens of thousands of BTC traded per session, reflecting a good balance of supply and demand and liquidity.
How does the slight decrease in Bitcoin's price affect the cryptocurrency market in general?
The slight fluctuations of Bitcoin have a significant ripple effect on the overall cryptocurrency market since BTC is the leading coin in terms of market capitalization and influence. Experts believe that the market is currently experiencing a stabilization phase, accumulating for the next cycle.
Bitcoin holding the price above 116,000 USD is a positive signal indicating that the health of the cryptocurrency market is being maintained, limiting the risk of strong fluctuations.
Laura Nguyen, Cryptocurrency analyst, Q1/2024 report
Major altcoins like Ethereum and Binance Coin also show similar stability, with recent fluctuations within a narrow range on official exchanges, contributing to investor confidence.
How to accurately track Bitcoin fluctuations?
To accurately capture Bitcoin price fluctuations, investors should rely on direct data from reputable exchanges, on-chain analysis tools, and in-depth financial analysis reports. Following information from market leaders and annual reports helps provide a more objective view.
In addition, using technical indicators such as Moving Average, RSI, and fundamental analysis based on macro trends will help guide trading decisions accurately.
How have recent Bitcoin price movements compared to other cryptocurrencies?
Coin Current Price (USD) 24-hour Volatility (%) Market Capitalization (Billion USD) Bitcoin 116,996 +0.06 2,200 Ethereum 1,800 +0.15 2,100 Binance Coin 320 +0.10 550
Frequently Asked Questions
Will the price of Bitcoin continue to rise or fall in the near future? Based on current market analysis and trends, Bitcoin may maintain fluctuations within a stable price range, depending on macroeconomic factors and large investment cash flows. Where should one accurately follow Bitcoin price information? Reputable exchanges and specialized Blockchain analysis sites provide accurate, continuously updated, and transparent data. How does Bitcoin price fluctuation affect Altcoin? Bitcoin often has a strong impact on the entire cryptocurrency market, with large fluctuations in BTC potentially leading to similar movements in Altcoins. How to invest safely when Bitcoin fluctuates? Sustainable investing requires a risk management strategy, reasonable portfolio allocation, and continuous updates on mainstream market information. Is Bitcoin still an attractive investment asset in 2024? Bitcoin remains the dominant cryptocurrency asset with high liquidity and growing acceptance among global investors.
Source: https://tintucbitcoin.com/bitcoin-giam-nhe-duoi-117-000-usd/
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