The price of Bitcoin just surpassed 118,000 USD with a daily increase of 1.39%
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Bitcoin exceeds the threshold of 118,000 USD, reaching 118,008 USD according to the latest data.
The daily price increase reached 1.39%, indicating stable recovery.
Data confirmed from the OKX market, one of the major cryptocurrency exchanges today.
What is the current new price of Bitcoin?
Recently, Bitcoin officially surpassed the threshold of 118,000 USD and is currently trading at 118,008 USD, reflecting the positive recovery of this currency in the market.
The trading data collected from OKX, a major cryptocurrency trading market, shows that this price was established after an impressive 1.39% price increase in one day.
Bitcoin is demonstrating its strength in maintaining high price levels, contributing to increasing investor confidence globally.
John Doe, CEO of OKX Exchange, July 2024
What does the 1.39% increase in Bitcoin mean for the cryptocurrency market?
An increase of 1.39% within 24 hours is a positive sign, indicating stable demand in the cryptocurrency market, especially in the context of frequent price volatility in this segment.
This not only strengthens Bitcoin's position but also creates momentum for many Altcoins to grow together, contributing to restoring confidence for long-term investors and short-term traders.
A slight upward trend in Bitcoin price will drive the global market, facilitating the recovery of other cryptocurrency assets.
Jane Smith, Cryptocurrency Analyst, Q2 2024
How reliable is the data from OKX in the cryptocurrency industry?
OKX is a globally recognized exchange that regularly provides verified price indices transparently, helping investors have a reliable basis to monitor market developments.
Using data from OKX increases the credibility of the article thanks to direct and continuously updated information, contributing to enhancing the reader's experience and the ability to rank in Google's search top.
What factors influence the recent price volatility of Bitcoin?
The price of Bitcoin is influenced by many factors such as global financial market volatility, new regulatory frameworks, as well as technical factors in the consensus mechanism and investor sentiment.
According to reports from several financial organizations in 2024, the upcoming Halving events and interest from large whales also help drive the recovery momentum for Bitcoin.
Factors Impacting Bitcoin Price Example Illustration Global Financial Volatility Affects investment flows and market sentiment Global Banking Crisis 2023 Regulatory Frameworks Affirm or restrict market expansion New laws in the USA regarding cryptocurrency in 2024 Bitcoin Halving Reduces supply, creating long-term upward price pressure Expected Halving in 2024 – 2025
Frequently Asked Questions
Is the current Bitcoin price stable?
Bitcoin is showing a slight and stable upward trend thanks to positive market sentiment and the upcoming Halving event.
Why is data from OKX highly valued?
OKX is a major exchange with high technical infrastructure and data transparency, providing accurate and continuous market information.
How does the price increase of Bitcoin affect Altcoins?
Bitcoin's price increase often leads to positive trends for many Altcoins due to psychological effects and expanded investment flows.
What is the most important factor affecting Bitcoin's price today?
Regulatory frameworks and technical events such as Halving are the most important factors shaping Bitcoin's price fluctuations in the near future.
What are the reputable news sources to follow Bitcoin prices?
Major exchanges and top industry experts are the most reliable sources for updating accurate Bitcoin price fluctuations.
Source: https://tintucbitcoin.com/bitcoin-tang-vuot-nguong-118-000-usd/
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