The price of Bitcoin has just breached the $112,000 threshold, trading at $111,772.10, down 2.30% for the day.
According to market data from OKX on August 25, Bitcoin is under selling pressure as it falls below the important support level of $112,000, indicating strong volatility in the cryptocurrency market.
MAIN CONTENT
Bitcoin dropped sharply and lost the $112,000 mark on August 25.
The current price is recorded at $111,772.10 according to OKX data.
What price did Bitcoin fall to on August 25 and how significant was the drop?
Market data from OKX shows that Bitcoin has dropped below $112,000, trading around $111,772.10 with a decrease of 2.30% on August 25. This is a warning signal of weakening bullish strength in the short term.
The loss of the strong support level of $112,000 reflects increasing selling pressure. This volatility suggests that investors need to be cautious while enhancing technical and fundamental analysis before making trading decisions.
What factors could affect Bitcoin's price during this period?
Bitcoin is often affected by various factors such as market volatility, changes in regulatory policies, global macroeconomic events, and investment capital trends. During significant price drops, these factors need to be closely monitored.
In particular, market data from exchanges like OKX allows investors to quickly update liquidity and purchasing power, thus predicting potential fluctuations in the cryptocurrency market.
How should investors respond to the strong price volatility of Bitcoin?
Professional investors often apply strict risk management with tools such as stop-loss and portfolio diversification. Additionally, monitoring market data from reputable trading platforms like OKX contributes to the accuracy of investment decisions.
Maintaining in-depth knowledge of technical analysis and updating factors affecting prices will help minimize losses during strong market fluctuations, while also taking advantage of profit opportunities from price movements.
Frequently Asked Questions
What price did Bitcoin drop to on August 25?
Bitcoin traded at $111,772.10, down 2.30% from the previous day.
Where is Bitcoin price data sourced from?
Bitcoin market data in the report provided by OKX.
Can Bitcoin's selling pressure continue?
Selling pressure may continue if Bitcoin does not regain the $112,000 support level, which requires investors to closely monitor trends.
How to reduce risks when Bitcoin is highly volatile?
Applying risk management, diversifying the portfolio, and using appropriate technical tools are effective measures.
What factors affect Bitcoin?
Market instability, legal policies, and macroeconomic events greatly affect Bitcoin's price.
Source: https://tintucbitcoin.com/btc-rot-duoi-112-000-usd-hom-nay/
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