Specifically, on October 16, on Coinmarketcap, Bitcoin is currently trading at $27,875. Market capitalization is currently at $544 billion.
Notably, Bitcoin's 24-hour trading volume reached $11.1 billion, up more than 120% from the previous trading session.
In addition, on the Binance tracking tool, the prices of other virtual currencies witnessed notable fluctuations such as Ethereum price increased by 1.69% at 1,579 USD; BNB price increased by 2.56% at 212 USD; Dogecoin price also increased by 0.93% at 0.05 USD...
Previously, observations, analysis and AI tools recently predicted that Bitcoin would fluctuate around $30,403/BTC on October 31 and surpass the $30,000 threshold as the market expected.
In Vietnam, representatives of the State Bank have repeatedly sent out the message: Bitcoin and other similar virtual currencies are not legal currencies and payment methods in Vietnam. The issuance, supply, and use of Bitcoin and other similar cryptocurrencies as payment methods are acts that are not in accordance with current laws.
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