In the trading session on November 22 (Vietnam time), the price of Bitcoin on Binance increased by 4.04% to a historical high of 98,259 USD.
Notably, in the past 24 hours, the world's largest cryptocurrency traded at a low of $94,225 and at one point reached a high of $98,885.
Also according to CoinMarketCap, today, Bitcoin trading volume reached about 105.96 billion USD. Market capitalization remained at 1,943 billion USD.
On the Binance tracking tool, the prices of other leading virtual currencies in the market showed strong growth such as Ethereum increased by 8.98%, at 3,355 USD; BNB price increased by 2.71%, at 624.26 USD; SOL price increased by 8.32%; XRP price increased by 14.68% compared to yesterday's trading session.
According to experts, this price increase is the market's reaction after news that US President Donald Trump's social networking company is negotiating to acquire the Bakkt cryptocurrency exchange.
Trump Media and Technology Group, which operates social network Truth Social, is close to completing its acquisition of all shares of Bakkt with support from ICE, the owner of the New York Stock Exchange (NYSE).
This news further raises expectations of a crypto-friendly regime under the incoming Trump administration.
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.
