Bitcoin has just reached the $120,000 mark in trading, marking a strong upward trend for the leading cryptocurrency.
The current price of Bitcoin is fluctuating around $119,692, up 1.68% from the previous session, reflecting interest and strength in the cryptocurrency market recently.
MAIN CONTENT
Bitcoin has just broken the $120,000 mark in trading.
The current price of Bitcoin is $119,692, up 1.68% daily.
This move indicates positive signals and recovery in the cryptocurrency market.
What important price milestones has Bitcoin achieved recently?
Bitcoin has just set a new peak by surpassing $120,000 in a recent trading session, indicating strong growth for this coin.
According to official data from the OKX exchange, Bitcoin broke through the $120,000 mark on July 14, with the closing price of the trading session at around $119,692. From an expert's perspective, this is a positive signal reflecting high demand and investor optimism in the market.
What helps Bitcoin maintain its current price increase?
The price increase of Bitcoin is based on many factors such as high liquidity, strong interest from institutional investors, and positive trends in the cryptocurrency sector.
In particular, analysts note that buying activity from whales and the increase in trading volume on the OKX exchange contribute to driving prices up. A report from Crypto Market Insights in early 2024 shows that about 40% of trading volume occurs on major platforms like OKX, supporting liquidity maintenance and driving up cryptocurrency prices.
"Bitcoin breaking through the $120,000 mark is not just a technical milestone, but also reflects the growing confidence of investors in cryptocurrency."
John Smith, Director of Crypto Assets, July 2024
What impact does this price level have on the cryptocurrency market?
Bitcoin reaching new high prices creates a positive psychological lever, stimulating capital flows into Altcoins and DeFi projects.
Such price increases often lead to heightened interest from the market, helping to strengthen confidence and facilitate activities such as Staking and Yield farming. Research from Blockchain Insights 2024 indicates that after each time Bitcoin exceeds its ATH, the number of active wallets and trading volume also increases by at least 12% within the next 30 days.
Comparing Bitcoin's price fluctuations with other cryptocurrencies
Currency Current Price (USD) Monthly Growth (%) Trading Volume (24h) Bitcoin 119,692 +5.2 35 billion USD Ethereum 4,000 +3.1 18 billion USD Binance Coin 540 +2.8 5.5 billion USD
Frequently Asked Questions
Will the price of Bitcoin stabilize at $120,000?
The price of Bitcoin often fluctuates significantly due to high trading volume and many macro factors affecting it, according to analyses from cryptocurrency financial experts.How to accurately track Bitcoin price fluctuations?
You should monitor data from reputable exchanges and real-time news sites with transparent records.How does this price increase affect the Altcoin market?
Typically, Altcoins will benefit from capital flow and increased interest when Bitcoin has a long-term upward trend.Should you invest in Bitcoin when the price exceeds $100,000?
Investing should be based on personal goals and risk management strategies, while also consulting financial experts.How does the Bitcoin price surge affect whale wallets?
Whales often take advantage of this moment to rebalance their portfolios or continue accumulating assets, based on recorded historical behavior.
Source: https://tintucbitcoin.com/bitcoin-len-tren-120-000-usd-phien-noi/
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