The price of Bitcoin just exceeded the 116,000 USD mark before slightly decreasing in the trading session on August 1.
According to market data from OKX, Bitcoin reached a price of 116,016 USD per coin, recording a decrease of 1.94% compared to the same period of the previous day.
MAIN CONTENT
Bitcoin peaked at nearly 116,000 USD in the session on August 1.
The price of Bitcoin decreased by 1.94% after breaking this resistance level.
Data was collected through OKX, one of the major cryptocurrency exchanges.
What price did Bitcoin just reach and what does it mean?
Data from the OKX exchange shows that Bitcoin surpassed the 116,000 USD threshold in the trading session on August 1, marking a recent high price.
The fact that Bitcoin broke the 116,000 USD mark demonstrates strong growth momentum; however, the slight adjustment of 1.94% also shows that the market is still volatile, which requires attention to buy and sell signals during short-term trading.
How does the decrease in Bitcoin price affect investors?
The 1.94% decrease after surpassing the peak is considered a normal adjustment in the highly volatile cryptocurrency market.
Professional investors often assess the situation based on long-term trends rather than just hourly fluctuations, which helps avoid emotional decisions affecting the investment portfolio and minimize risks to an optimal level.
The price of Bitcoin at 116,016 USD reflects market strength but also reminds that price volatility is always a factor to consider in cryptocurrency trading.
Market analyst Jeff Roberts, August 2024
What role does market data from OKX play in evaluating Bitcoin's price?
OKX is one of the cryptocurrency exchanges with high trading volume and transparent market data.
Data from OKX is used by many investors and market analysts to update price fluctuations and analyze trends, thereby making accurate decisions in trading and investment.
Frequently Asked Questions
1. Is the price of Bitcoin at 116,000 USD a new peak in 2024?
This is a recent high price, demonstrating a strong upward trend, but it is necessary to monitor market factors to confirm long-term peaks.
2. Is the 1.94% decrease in Bitcoin concerning?
This is a normal adjustment in the highly volatile cryptocurrency market, not concerning when viewed through a long-term trend.
3. Is OKX a reliable data source for Bitcoin?
OKX is a reputable exchange with transparent data, referenced by many experts and investors.
4. What should investors do when Bitcoin fluctuates significantly?
It is advisable to prioritize technical analysis, risk management, and long-term investment, avoiding decisions based on sudden short-term fluctuations.
5. When will Bitcoin stabilize its price more?
Bitcoin's price stability will depend on many economic, political, and Blockchain technology factors in the future.
Source: https://tintucbitcoin.com/bitcoin-giam-gia-roi-duoi-116-000-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
