Bitcoin has just surpassed the 117,000 USD threshold, recording a price of 117,017.30 USD with a slight increase of 0.11% for the day.
Information from the OKX market shows that Bitcoin is recovering and reaching new highs, reflecting positive volatility in the current cryptocurrency market.
MAIN CONTENT
Bitcoin has just conquered the price level of 117,000 USD/coin.
Slight price increase of 0.11% in the past 24 hours.
Demonstrating recovery and stability in the cryptocurrency market.
At what price is Bitcoin currently trading?
Bitcoin just reached a price of 117,017.30 USD according to OKX market data on 10/08. This is an important price level that reflects the stable upward trend of this cryptocurrency amidst market volatility.
This price level marks Bitcoin's breakout effort as it maintains a slight increase of 0.11% for the day, demonstrating attractiveness and strengthened trust from investors worldwide.
What is the significance of Bitcoin surpassing the 117,000 USD threshold?
Bitcoin surpassing the 117,000 USD threshold can be seen as a positive sign for the market, boosting investor confidence in long-term growth. This price level is often viewed by analysts as a strong resistance point or an important support area.
Minor fluctuations such as a 0.11% increase in 24 hours indicate positive stability, not causing large fluctuations, creating a more favorable trading environment for both individual and institutional investors.
Bitcoin continues to assert its dominant position in the cryptocurrency market as it conquers important price levels, reflecting growing trust from the global investment community.
Cryptocurrency market analyst, August 2024 update
What factors affect the price of Bitcoin in the current period?
The price of Bitcoin is influenced by many factors such as investor sentiment, global cryptocurrency regulatory policies, and developments in traditional financial markets. The slight increase of 0.11% also reflects a balance between current supply and demand.
At the same time, significant events such as the development of Blockchain technology, network updates for Ethereum, or major investment trends from institutions also play a role in driving or restraining the price of Bitcoin and other cryptocurrencies.
What is Bitcoin's role in the current investment portfolio?
Bitcoin continues to hold its position as the leading digital asset and is regarded as digital gold in the cryptocurrency investment portfolio. A price above 117,000 USD indicates attractiveness in asset diversification and long-term risk hedging.
Professional and institutional investors often base their HODL or short-term trading strategies on these price levels, taking advantage of minor price fluctuations to optimize profits.
Frequently Asked Questions
At what price is Bitcoin currently trading?
Bitcoin is trading around 117,017.30 USD, slightly up 0.11% for the day according to OKX.
What does surpassing the 117,000 USD threshold mean for investors?
This is a positive sign, indicating a stable price increase trend and reinforcing confidence for long-term investors.
What factors influence the price of Bitcoin?
Market sentiment, policy events, Blockchain technology, and institutional investment trends are key factors.
How to accurately track Bitcoin price fluctuations?
Monitor on reputable exchanges and applications that provide real-time data for accurate, timely experience.
Is Bitcoin a safe investment asset?
Bitcoin is an important digital asset with high liquidity but still carries volatility risks, so appropriate risk management is needed.
Source: https://tintucbitcoin.com/bitcoin-cham-117-000-usd-tang-nhe-2/
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