Bitcoin is on the rise, the virtual money market flourishes
At 7:00 a.m. this morning April 9, Bitcoin price on CoinDesk traded at $ 7,357, up 2.27%, giving each coin an additional $ 163.
In the last 24 hours, Bitcoin was trading in a price range of 7,155 - 7,424 USD. Virtual currency trading volume reached 37.7 billion USD. Capitalization reached 134.5 billion USD, increasing by 4 billion USD compared to yesterday.
Bitcoin is not far from the $ 7,500 mark - the highest level since March 12 - not far away. The virtual currency is confidently maintaining its price above $ 7,000 and signals that BTC capitalization could move higher. The veteran Mac trader said that in the next month or two, Bitcoin will reach $ 8,540.
You want to make money from the internet: cryptocurrency exchange
Crypto trader and expert Jack Sparrow even predicts that Bitcoin price could reach $ 13,800 by the end of June. According to technical analysis, Bitcoin price will consolidate above $ 9,100 by the end. this month. In fact, the market often tends to reverse after a series of slumps. If the price can sustain above 7,500, Bitcoin will face the next resistance at $ 9,000.
However, not all investors are optimistic about the future of Bitcoin. According to analyst Michael van de Poppe, Bitcoin will form bearish divergences by targeting $ 7,400 - $ 7,600. If BTC trades below $ 6,900, the digital currency can fall to $ 5,800 levels.
Various Bitcoin predictions did not dampen market excitement. In this morning's session, the key coins in the top market cap all gained.
The most notable is Bitcoin SV with an increase of 18.21% to $ 217 billion, a market cap recorded at $ 3.9 billion, and the latest 24-hour trading volume of $ 4 billion.
Tezos rose 9.2% to $ 2.1, pushing its capitalization over $ 1.5 billion. Ethereum was trading at $ 172.2, up 4.1%. Rippel increased 4.3% to $ 0.200. Other virtual currencies like Litecoin, Bitcoin Cash, EOS ... increased 3.5% -5.6%.
The total market capitalization of the whole market this morning recorded USD 209 billion, an increase of USD 6 billion compared to the previous trading day. However, the trading volume decreased by nearly 20 billion USD to 138 billion USD.
In Vietnam, the price of Bitcoin purchased at 173.1 million VND, sold at 175.6 million VND, increased by 2.5%.
Bitcoin is a virtual currency that fluctuates strongly in price. In early 2020, Bitcoin increased from under $ 7,000 to over $ 10,000. However, the global epidemic COVID-19 hit the market strongly, sending the virtual currency into historic collapse in mid-March and sinking to the bottom of $ 3,800. Even so, the crisis has caused Bitcoin and other cryptocurrencies to lose more than 50% of their value in just one day.
Currently, Bitcoin slowly recovers and breaks key resistance levels. Many coins have almost doubled in just 48 hours.
