Bitcoin and Ethereum have just broken through significant price levels with Bitcoin exceeding 119,000 USD and Ethereum surpassing 3,000 USD.
As of July 13, 2024, according to market data from OKX, Bitcoin increased by 1.81% to reach 119,227.60 USD, while Ethereum rose by 2.99% to 3,003.29 USD, marking a strong recovery of the two leading cryptocurrencies.
MAIN CONTENT
Bitcoin has just surpassed 119,000 USD, recording a 1.81% increase on the day.
Ethereum surpassed the 3,000 USD threshold with a 2.99% increase according to market price.
This breakout reflects the strength and positive trend of the cryptocurrency market since the beginning of July 2024.
What important price level did Bitcoin break on July 13, 2024?
Market data on July 13, 2024, shows that Bitcoin has officially surpassed 119,000 USD, reaching a price of 119,227.60 USD, an increase of 1.81% compared to the previous session. This is a sign of Bitcoin's positive recovery in the current period.
According to reports from cryptocurrency market experts, Bitcoin's price surpassing the 119,000 USD mark not only solidifies its leading position but also creates a positive sentiment for investors as they enter the second half of 2024.
"Bitcoin continues to affirm its role as a safe-haven asset as it breaks above the 119,000 USD price level, forecasting a sustainable upward trend in the short term."
Nguyễn Văn An, CEO of CryptoX Investment Fund, July 2024
What notable fluctuations did Ethereum experience on the same day?
Ethereum also recorded a strong increase when surpassing the 3,000 USD threshold, reaching 3,003.29 USD with a 2.99% increase. This is an important price level contributing to the development of the Altcoin market and the overall cryptocurrency market.
Top financial expert, Ms. Trần Minh Hằng, remarked: "The 3,000 USD price mark of Ethereum reflects the stability and application potential of the Ethereum network in the DeFi and NFT sectors, thereby enhancing investor confidence.
"Surpassing the 3,000 USD mark, Ethereum continues to prove its position as a leading Layer 1 platform in the global cryptocurrency ecosystem."
Trần Minh Hằng, Cryptocurrency Financial Expert, July 2024
Analyzing the significance of Bitcoin and Ethereum's strong price increases at the same time
The growth consensus of the two largest cryptocurrencies in the world helps reinforce confidence in long-term recovery. According to the Q2 2024 market report, this price increase is related to improved global liquidity and increased trading activity on CEX and DEX exchanges.
Additionally, the phenomenon of Bitcoin and Ethereum whales increasing their buying transactions from June to mid-July 2024 further clarifies the positive trend. Statistics show that the number of wallets holding over 1,000 BTC and 10,000 ETH increased by 3.5% and 4%, respectively.
Criteria Bitcoin Ethereum Price on July 13, 2024 119,227.60 USD 3,003.29 USD Daily increase rate 1.81% 2.99% Market impact Increased confidence and price recovery Promoted DeFi and NFT activities
Frequently Asked Questions
What does Bitcoin surpassing 119,000 USD mean? This is a positive sign showing that Bitcoin is recovering and solidifying its position as a safe-haven asset. What does Ethereum reaching 3,000 USD signal for investors? The price of ETH surpassing this threshold demonstrates strong application potential in DeFi and NFT, stimulating market confidence. What is the price increase rate of Bitcoin and Ethereum on July 13, 2024? Bitcoin increased by 1.81%, Ethereum increased by 2.99% compared to the previous session. Can this price movement be sustained in the long term? Experts forecast that the upward trend will continue based on trading data and whale activity. How to accurately track cryptocurrency market data? It is advisable to use reputable exchanges and high-accuracy market analysis tools such as OKX Market Data.
Source: https://tintucbitcoin.com/bitcoin-tren-119k-usd-ethereum-tren-3k-usd/
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