Bitcoin has just recorded a price below $118,000 with trading at $117,980.60, down slightly by 0.59% for the day.
According to market data updated on July 21, Bitcoin continues to fluctuate around the $118,000 mark, reflecting a slight downward trend of the world's leading cryptocurrency in recent times.
MAIN CONTENT
Bitcoin decreased slightly below $118,000 on July 21.
The exact trading price reached $117,980.60 per coin.
Price trends reflect the frequent volatility of the cryptocurrency market.
What is the current trading price of Bitcoin?
According to data from the market updated on July 21, Bitcoin has dropped to a price of $117,980.60 per coin, down 0.59% compared to the previous day. This price indicates a slight adjustment trend in the context of the ongoing fluctuations of the world's largest cryptocurrency.
Bitcoin still maintains its role as the leading cryptocurrency with significant interest from global investors, despite short-term fluctuations occurring daily.
Financial expert Nguyen Van An, 2024.
Why has Bitcoin's price been fluctuating recently?
The cryptocurrency market is known for its strong volatility due to the influence of many factors such as global economic fluctuations, monetary policy developments, and investor sentiment in the market. The slight decrease of Bitcoin below $118,000 reflects the ongoing sensitivity to this information.
"Bitcoin price volatility is a normal signal of the free market; investors need to closely monitor it to manage risk effectively."
Dr. Le Thi Minh, cryptocurrency investment expert, 2024.
How does the current Bitcoin price affect investors?
The recent slight decrease below $118,000 may create psychological pressure for investors holding Bitcoin but also opens up buying opportunities for long-term investment strategies. Liquidity and frequent volatility require professional risk management from investors.
Frequently Asked Questions
What is the current price of Bitcoin?
Bitcoin is trading around $117,980.60 according to data updated on July 21, 2024, down 0.59% compared to the previous day.
Does Bitcoin price volatility affect the broader cryptocurrency market?
Bitcoin's price volatility often has a strong impact on the entire cryptocurrency market as Bitcoin plays a leading role in the market.
What are the main factors causing Bitcoin's price fluctuations?
Bitcoin's price is influenced by factors such as global monetary policy, economic fluctuations, and investor behavior.
What should investors do when Bitcoin's price decreases slightly?
Investors need to have a risk management strategy, technical and fundamental analysis to respond appropriately to market fluctuations.
Can Bitcoin's price recover in the short term?
Bitcoin's price may recover quickly depending on market trends and influencing macroeconomic factors.
Source: https://tintucbitcoin.com/bitcoin-rot-duoi-118-000-usd-hom-nay-3/
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