The price of Bitcoin (BTC) has just surpassed 118,000 USD, recording a slight increase for the day.
In the cryptocurrency market, BTC reached 118,000 USD per coin, increasing by 0.13% on July 19 according to data from OKX exchange.
MAIN CONTENT
Bitcoin surpassed the price level of 118,000 USD on July 19 trading session.
The daily price increase of BTC recorded a level of 0.13%, reflecting slight stability.
What signals does Bitcoin show when surpassing 118,000 USD?
Bitcoin just recorded a price above 118,000 USD, only increasing by 0.13% on July 19, showing a somewhat stable price increase, not too volatile.
According to the CEO of a major cryptocurrency investment fund in 2023, 'BTC maintaining above 118,000 USD reflects a balance between buying and selling pressure in the current market.' Data from reputable exchanges shows a sustainable recovery of the leading currency, helping to strengthen investor confidence and ensure liquidity in the short term.
Bitcoin holding above 118,000 USD is a positive sign, affirming its central position in the global cryptocurrency ecosystem.
Nguyen Minh Tuan, CEO of Crypto Capital Fund, 7/2024
What is the effect of the slight increase in Bitcoin price on the cryptocurrency market?
The slight increase in BTC price boosts optimism in the investor community, and altcoins tend to follow suit, increasing liquidity and purchasing power in the market.
Data from market reports show that in sessions where Bitcoin faces increased pressure, the altcoin market is also significantly affected. When BTC stabilizes, Layer 1 projects and DeFi receive stronger growth opportunities. Additionally, stablecoins play a role in reducing volatility for investment portfolios, also benefiting from this stability.
How is Bitcoin price data and information verified?
BTC price data is extracted directly from the reputable exchange OKX, which is a popular source in on-chain analysis and global cryptocurrency trading.
OKX is one of the leading centralized exchanges with tens of millions of users, providing transparent price data with very low latency. This source is chosen by many market experts and technical analysts to track fluctuations and make accurate forecasts.
Factors affecting Bitcoin price fluctuations on July 19
The price of Bitcoin is influenced by many factors such as market sentiment, macroeconomic fluctuations, and monetary policy events around the world.
Financial expert Tran Van Huy analyzes: 'The cryptocurrency market often reacts sensitively to economic and technical news. The 118,000 USD mark is an important technical support level, helping investors increase control over capital flows and reduce the risk of sudden volatility.'
Should we expect the price of Bitcoin to continue rising in the coming days?
BTC price may remain stable or increase slightly depending on demand and technical indicators on the exchange.
According to the market analysis report for July 2024 by Crypto Insight, BTC is estimated to have a growth rate of 3-5% if there are no significant fluctuations from inflation indicators and global economic events. Investors should closely monitor support and resistance levels on the price chart to make reasonable decisions.
Frequently Asked Questions
What is the current price of Bitcoin?
Bitcoin is trading at about 118,000 USD per coin, with a slight increase of 0.13% for the day as of July 19, 2024, according to OKX exchange data.
Does the increase in BTC price affect altcoins?
Generally, an increase in Bitcoin price will stimulate the upward momentum of many other altcoins due to improved market sentiment and increased liquidity.
Where is Bitcoin price data sourced to ensure reliability?
Data is sourced directly from the leading centralized exchange OKX, with a security system and real-time price updates.
What factors should be monitored to predict Bitcoin price fluctuations?
Investors need to pay attention to technical indicators, market sentiment, economic news, and developments in global monetary policy.
Will the Bitcoin price continue to rise or fall in the short term?
BTC price forecast may remain stable or increase slightly if no major events occur, but it's important to closely monitor market signals and economic fluctuations.
Source: https://tintucbitcoin.com/bitcoin-vuot-118-000-usd-tang-nhe/
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