Strong increase to the threshold of 40,000 USD

In the past 24 hours, Bitcoin price fluctuated very strongly. Yesterday, the price of Bitcoin fell sharply, at one point reaching the $ 37,000 mark. But today (May 5), the price of Bitcoin suddenly increased again, sometimes surpassing the threshold of $ 40,000.

According to CoinDesk data at 13:32 am today (May 5, Vietnam time), the world’s largest cryptocurrency traded at 39,559.73 USD/dong, up 3.23% compared to yesterday. . In the last 24 hours, the highest price of Bitcoin reached $ 40,02.75, the lowest at $ 38,314.52.

Bitcoin trading volume is currently quite large. According to CoinGecko data, Bitcoin trading volume over the past 24 hours is over $31 billion. The capitalization of the Bitcoin market this afternoon reached more than 754 billion USD.

Bitcoin “stealth” increased sharply, helping many smaller-cap cryptocurrencies to increase, the market was flooded with hope. For example, compared to the previous 24 hours, Ethereum increased 4.28%, at a price of 2,930 USD; XRP is up 5.49%, priced at $0.643; Terra is up 1.93%, priced at $85.87; Solana up 7.55%, price is 93.22 USD; Cardano rose 10.53%, the price to $0.863; Polkadot rose 6.65%, priced at $16.21; Stellar rose 7.1%, price rose to $0.186; Dogecoin is up 3.93%, at $0.134; Polygon up 6.8%, price is 1.16 USD; Internet Computer increased by 5.19%, the price was 13.98 USD; Litecoin is up 4.68%, priced at $105.21; Bitcoin Cash up 4.56%, price at $298.53…

Market capitalization of cryptocurrency market quite strong increase. The total capitalization of the cryptocurrency market this afternoon reached more than 1.896 billion USD, up 4.7% compared to yesterday.

The movement of Bitcoin price in the past 2 days has surprised many investors, when it has plummeted and suddenly increased.

Many experts believe that the Bitcoin price turned sharply higher due to receiving positive signals from the fact that two large Argentine banks have just allowed cryptocurrency trading on their platforms. Argentina’s largest private bank by capitalization, Banco Galicia, and Brubank Digital Bank SAU have both allowed customers to trade cryptocurrencies including Bitcoin, Ether and USDC. This has had a positive impact on the Bitcoin price.

Besides, Bitcoin also received the support of a number of large businesses in the US. Recently, in a filing with the US Securities and Exchange Commission (SEC), Tesla Inc. has reiterated its pro-Bitcoin stance and stated that Bitcoin has potential in the future and is likely to change the world. liquidity position for cash.

Although the price has skyrocketed to 40,000 USD but Bitcoin still in the danger zone as the downtrend persists. Given the current price volatility, some analysts see the Bitcoin price bottoming out at $24,000 this year.

Handsome

Bitcoin continues to depreciate without stopping, the money block evaporates, players are afraidBitcoin price today (May 4) continued to plunge without stopping, reaching the $ 37,000 mark, causing the entire crypto market capitalization to evaporate tens of billions of dollars.