1. Bitcoin hits a new peak
Some reports indicate that Bitcoin has broken the $118,000 mark, setting a new ATH before a slight adjustment to the current level. Large capital continues to flow into the crypto space, reflecting a sustained 'bullish' trend.
2. Vietnam officially regulates the crypto market
On June 14, 2025, the National Assembly of Vietnam passed the Digital Technology Law, which will take effect from January 1, 2026. This law:
• Clearly delineate two groups of digital assets: Crypto assets (BTC, ETH…) and Virtual assets (game tokens, loyalty points…)
• Apply strict AML/KYC regulations, monitor transactions, and mandatory reporting
• Establish a legal framework for exchanges, wallets, testing sandboxes… to comply with FATF standards, helping Vietnam quickly get off the 'gray list'.
Analysis & Commentary
📈 Market sentiment
• The price movements of BTC and ETH this morning indicate a recovery wave after reaching an ATH peak — reflecting stronger market confidence.
• Institutional capital is still looking for entry points, helping to improve liquidity and reduce volatility.
🌏 Impact from Vietnam
• The issuance of clear laws is a turning point: reducing legal risks, increasing reliability for domestic and foreign investors.
• When the law comes into effect at the beginning of 2026, the likelihood of Vietnam becoming a notable crypto market in Southeast Asia is very high.
🔮 Short-term forecast
• It is expected that BTC and ETH will continue to fluctuate in the accumulation range of $115,000–125,000 (BTC) and $2,800–3,200 (ETH), waiting for news from major institutions or macroeconomic data.
• The completion of the legal framework by countries like Vietnam could trigger a new wave of confidence, stimulating capital inflows into the market.$BTC