Bitcoin Rises | VTV.VN

According to CoinDesk data at 8:24 am today (Vietnam time), Bitcoin – the world’s largest cryptocurrency, trading at 44,066.63 USD/dong, up 2.84% compared to March 24.

Statistics in the last 24 hours, the highest price of Bitcoin traded at 44,233 USD, the lowest at 42,677.06 USD.

Bitcoin has entered a bullish momentum since March 22. (Photo: istock)

Meanwhile, according to CoinGecko data, Bitcoin trading volume over the past 24 hours is close to $25 billion. The capitalization of the Bitcoin market this morning reached nearly 836 billion USD.

Notably, the Bitcoin price skyrocketed thanks to the news that Russia might consider accepting oil and gas payments with this virtual currency.

In a video allegedly taken from an interview, Pavel Zavalny, Chairman of the Russian Energy Commission, said that Russia is considering accepting different currencies when customers buy gas, Bitcoin Magazine said. , including in Bitcoin, but as the case may be.

However, this is just unofficial information, coming from social networks. Even so, this news had a positive impact on the cryptocurrency market, helping the market to prosper.

The rise of Bitcoin has pulled many other cryptocurrencies up, the crypto market is in the green. Specifically, compared to the previous 24 hours, Ethereum increased by 2.98%, at a price of 3,113 USD; XRP is up 0.62%, priced at $0.840; Solana rose 8.83%, price to $103.27; Cardano is up 1.53%, price is 1.13 USD; Polkadot is up 1.71%, priced at $21.32…

The price of Bitcoin and many other cryptocurrencies increased sharply, so the capitalization of the cryptocurrency market increased, exceeding 2 trillion USD. The total capitalization of the cryptocurrency market this morning reached more than 2,085 billion USD, an increase of 1.6% compared to March 24.

Bitcoin has entered a bullish momentum since March 22. The price has crossed the threshold at some point 43,000 USD/VNDYes, the highest level in the past 3 weeks. Compared to the previous 7 days, the coin has increased in price by almost 4%.

“Bitcoin price benefits as investors pour money into risky assets. World’s largest cryptocurrency has breached the threshold 42,000 USD/dong, but many times fell below this mark,” commented Craig Erlam at UK & EMEA OANDA (based in London).

This expert believes that how long Bitcoin’s price rally lasts will depend on how large the “risk appetite” in the market is. Risk appetite is the level of risk tolerance of investors.

According to financial expert Edward Moya (based in the US) at consulting firm OANDA, Bitcoin has been trading as a risk asset for the past several months. Even higher Treasury yields won’t stop investors from buying risky assets.

“Bitcoin price is on track to break out of the 37,000 region – 45,000 USD/copper. However, the coin still needs a major catalyst to break through the critical threshold 45,000 USD/dong”, said Mr. Moya.

Bitcoin price to highest level in 3 weeks

VTV.vn – On March 22, the value of the cryptocurrency Bitcoin rose to a 3-week high. This price increase pulls the value of several other cryptocurrencies up.

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