The price of Bitcoin has just fallen below 118,000 USD, specifically at 117,957.20 USD, down 0.24% on the day.
According to market data from OKX on August 15, Bitcoin experienced a slight adjustment as the trading price dropped slightly compared to the previous session.
MAIN CONTENT
Bitcoin has fallen below 118,000 USD after a period of maintaining a high price.
The current price is 117,957.20 USD, slightly down 0.24% on the day.
Data recorded and analyzed from the trading market on OKX exchange.
What price is Bitcoin trading at on August 15?
On August 15, Bitcoin was recorded trading at 117,957.20 USD per coin, down 0.24% compared to the previous session. This information is compiled from market data of OKX exchange, one of the largest and most reputable cryptocurrency exchanges.
The slight price decrease indicates a small adjustment after a period where Bitcoin maintained a high price close to 118,000 USD. This is a market signal reflecting the natural fluctuation trend in cryptocurrency trading when investors may be reconsidering their positions.
Why did the price of Bitcoin slightly decrease on August 15?
The slight decrease of 0.24% in Bitcoin's price on August 15 may be influenced by market factors such as liquidity fluctuations, whale trading activities, or macroeconomic events affecting investor sentiment. Data from OKX allows for direct assessment of price fluctuations based on liquidity and actual buy-sell orders.
The slight decline does not indicate a long-term trend change but is often a market adjustment mechanism when investors take profits or restructure their portfolios. Price stability at high levels around 118,000 USD still shows the sustainable appeal of Bitcoin in the global cryptocurrency market.
Bitcoin remains the dominant cryptocurrency asset with unstoppable appeal, despite short-term fluctuations, indicating the long-term potential of this coin.
Nguyen Minh Hoang, Cryptocurrency Market Analyst, 2024
How to accurately track Bitcoin price fluctuations in the market?
To accurately track Bitcoin price fluctuations, one should rely on data from reputable exchanges like OKX, Binance, or Coinbase. Transactions recorded in real-time help investors better grasp price movements, trading volumes, and related market indicators.
Using in-depth analysis tools, market reports, and updates from official sources also enhances predictive capabilities and effective investment decisions, minimizing risks from short-term price fluctuations.
What factors influence the fluctuations of Bitcoin in the short and long term?
Factors affecting Bitcoin's price include supply and demand in the market, trading activities of cryptocurrency whales, regulatory policies, as well as global economic and financial events. In particular, news about the acceptance or tightening of cryptocurrency regulations has a strong impact on prices.
In the long term, the strategy of developing Blockchain technology, expanding applications, and the growth of the DeFi, NFT market, along with global economic fluctuations, are key factors that help Bitcoin's price remain stable or grow steadily.
Frequently Asked Questions
Does Bitcoin currently show signs of deep decline?
Bitcoin's price slightly decreased by 0.24% at the time of recording, not falling deeply, reflecting a small adjustment in the market.
What are the reliable sources of Bitcoin price data?
Data from major exchanges like OKX is often considered the standard, helping investors accurately track market fluctuations.
Does the slight price decrease have a significant impact on investor sentiment?
The slight decrease usually does not have a significant impact; investors need to observe medium and long-term trends to make decisions.
How to quickly update the Bitcoin price?
Monitoring directly on reputable exchanges or using specialized financial applications will help provide immediate updates.
Is Bitcoin stabilizing above 117,000 USD?
Bitcoin prices often fluctuate, but the level above 117,000 USD is a strong price zone, reflecting stable buying power from the market.
Source: https://tintucbitcoin.com/bitcoin-tut-xuong-duoi-118-000-usd/
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