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Bitcoin price turns to rise sharply

In the past 24 hours, Bitcoin price very strong fluctuations. Yesterday, the Bitcoin price plummeted to the $38,000 mark. But until this morning (April 26), the price of Bitcoin suddenly increased again, to the threshold of nearly 41,000 USD.

Specifically, according to CoinDesk data at 8:05 am today (April 26, Vietnam time), the world’s largest cryptocurrency was traded at 40,593.75 USD/dong, up 4.3% compared to yesterday. In the last 24 hours, the highest price of Bitcoin reached 40,724.77 USD, the lowest was at 38,220.4 USD.

According to CoinGecko data, Bitcoin trading volume over the past 24 hours is more than $32.2 billion. The capitalization of the Bitcoin market this morning reached over 772 billion USD.

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Bitcoin price turns to rise sharply

Bitcoin’s strong momentum pulls many smaller-cap cryptocurrencies to increase, the market is flooded with hope. For example, compared to the previous 24 hours, Ethereum increased by 5.36%, at a price of 3,012 USD; Terra is up 8.69%, priced at $96.21; XRP is up 2.58%, priced at $0.696; Solana up 4.62%, price is 101.14 USD; Cardano is up 3.7%, price is $0.890; Polkadot is up 2.64%, priced at $18.17; Stellar rose 2.99%, price rose to $0.191; Dogecoin is up 19.46%, at $0.152; Polygon up 3.43%, price is 1.35 USD;…

The market capitalization of the cryptocurrency market is now nearing the $2 trillion mark. The total capitalization of the cryptocurrency market this morning reached over $1.970 billion, up 3.8% from yesterday.

Bitcoin price has recently increased and decreased erratically, causing many investors to have heart attacks. According to experts, the price of Bitcoin and many other digital currencies are being affected by tight monetary policies and increasing interest rates of many countries. Tightening monetary policy and raising interest rates higher will increase borrowing costs and potentially make investors less interested in risky assets like cryptocurrencies.

In addition, Bitcoin and the stock market are increasingly closely related. Bitcoin often goes up and down according to the US stock market.

Recently, investor interest in Bitcoin is dwindling, new capital flows into the Bitcoin market decline sharply.

Despite a lot of negative news, many believe that the Bitcoin price may soon recover. Antoni Trenchev, co-founder of Nexo, predicts “Bitcoin will hit $100,000 this year, possibly mid-year”. And Matt Hougan, investment director of Bitwise Asset Management, also believes that the price of Bitcoin could reach 100,000 USD this year.


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Plunging with stocks, Bitcoin price reached the $ 38,000 markAlong with the strong downtrend of the stock market, the price of Bitcoin yesterday (April 25) also plummeted, to $ 38,000, the lowest level in a month. The cryptocurrency market is in the red.
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