#BTC

Bitcoin is fluctuating around the mark of 84,000 USD/unit. Compared to the all-time high set 1 month ago, the market price of Bitcoin has decreased by about 30%.

According to data from CoinMarketCap, the decline of Bitcoin continues to extend. Under selling pressure, the largest cryptocurrency in the world at one point fell to the mark of 85,800 USD/unit, the lowest since mid-November 2024.

Currently, Bitcoin is fluctuating around the mark of 84,000 USD/unit. Compared to the all-time high set 1 month ago, the market price of Bitcoin has decreased by about 30%.

The latest adjustment has also caused the market capitalization to shrink to 1.67 trillion USD.

However, it is noteworthy that the adjustment of Bitcoin has not had a significant impact on other major cryptocurrencies. Most have only recorded slight fluctuations and quickly balanced back.

For example, in the past 24 hours, major cryptocurrencies in the world including Ethereum still increased by 2.3%, XRP (+3.6%), Binance Coin (+1.9%), Dogecoin (+2.6%), Solana (+1.3%), Cardano (+5.2%), and Tron (+0.7%) still maintained their gains.

Sharing with CNBC, Steven Lubka, Director of the Personal Client Division at Swan Bitcoin, believes that the absence of clear short-term drivers, combined with pressure from the stock market, has created a favorable environment for profit-taking and short selling.

Before the expectations of positive changes that the administration of President Donald Trump brought to the cryptocurrency sector, Bitcoin started the new year relatively well. However, since Mr. Trump signed the executive order on cryptocurrency at the end of January, the market has hardly had any significant momentum to continue its upward trend.