Bitcoin has just exceeded the threshold of $114,000 with an increase of over 1% in a day.
According to data from the OKX exchange updated on August 3rd, Bitcoin is currently trading around $114,000, indicating a positive recovery in the cryptocurrency market.
MAIN CONTENT
Bitcoin maintains its upward momentum as it surpasses $114,000.
The daily growth rate is approximately 1.03%.
Data is being closely monitored from the OKX exchange.
How much has Bitcoin recently reached?
Bitcoin has just broken through the $114,000 threshold and was traded at this level on August 3rd, according to updated data from the OKX exchange.
This indicates the positive rebound of the leading cryptocurrency after recent fluctuations, reinforcing market confidence and attracting the attention of investors worldwide.
The price of Bitcoin increasing by 1.03% within 24 hours indicates a positive recovery trend despite the market frequently experiencing erratic fluctuations, especially in the context of global economic instability.
Why does this growth in Bitcoin's price matter to investors?
The threshold of $114,000 is an important sign affirming Bitcoin's market capitalization strength and creating opportunities to attract more funds from individual and institutional investors.
Stable price increases help reinforce confidence in cryptocurrency assets as a long-term investment channel with profit potential. At the same time, a 1.03% increase in one day also indicates that buying pressure remains strong, opening up the possibility of establishing higher price levels in the near future.
This could further stimulate trading activities and increase liquidity in the cryptocurrency market, contributing to reducing large price volatility and increasing appeal to portfolio managers.
Bitcoin is consolidating its position with a price exceeding $114,000, reflecting positive signals from global investors.
Market opinions, August 3rd, 2024
How does Bitcoin's price compare to significant previous periods?
The price of $114,000 indicates that Bitcoin has returned to high price ranges after deep corrections over the past year, continuing the recovery trend from previous months.
For many years, Bitcoin has witnessed larger price peaks, with the most recent ATH near $60,000, but currently, the level of $114,000 suggests the possibility of re-establishing new records, sometimes seen as an important psychological threshold for long-term investors.
Technical analyses suggest that maintaining this price level will pave the way for the next upward waves, especially as the demand for cryptocurrencies continues to rise amid the growing popularity of blockchain applications.
What do investors need to pay attention to when monitoring Bitcoin's price today?
The price of Bitcoin is continuously fluctuating, therefore investors need to maintain reasonable risk management and avoid decisions based on short-term volatility.
Technical analysis tools and the principle of diversifying the investment portfolio are crucial factors that help minimize risks and maximize profit opportunities in the cryptocurrency market.
Accurate updated information from reputable exchanges, such as OKX, is a reliable source for assessing price trends and making reasonable investment decisions.
Frequently Asked Questions
Where is the most accurate current Bitcoin price updated?
Data from major exchanges like OKX is considered the most accurate and frequently updated.
What does a 1.03% increase in one day mean?
This is a positive signal indicating stable price increases, reflecting increased buying power in the market.
Can Bitcoin reach higher prices in the near future?
Based on current trends and technical analysis, Bitcoin has the potential to continue rising if it maintains its support zone.
Should one invest in Bitcoin immediately upon reaching $114,000?
Investors should consider carefully, taking their own strategies into account and always applying effective risk management.
How to quickly track Bitcoin price fluctuations?
Use applications and websites of reputable exchanges or professional market tracking tools.
Source: https://tintucbitcoin.com/bitcoin-len-tren-114-000-usd-hom-nay/
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