Bitcoin price: Reversed to increase
As of 6:11 p.m. today (December 12), Bitcoin - the world's largest cryptocurrency in terms of market value rotated to increase by 2.25%, to $92,413.60.
This new price contributes to bringing market capitalization to 1,844 billion USD, an increase of 34 billion USD. In contrast, trading volume in the 24 hours was at 65.03 billion USD, down 4.61 billion USD.
Assessment and forecast
After the decrease from the Fed's decision to cut interest rates, the cryptocurrency market increased strongly today. Total market capitalization increased by about 70 billion USD in the past 24 hours. Bitcoin (BTC) recorded an increase of 2.45% on the day and remained firmly above the threshold of 92,000 USD.
Famous market observer Jason Pizzino wrote on X that Bitcoin and altcoin (a cryptocurrency exchange for BTC) seem to be in a technical recovery. He said that Bitcoin's disabling levels remain stable around around 108,000-116,000 USD.
Pizzino believes that this short-term recovery could boost investor interest before the market enters the next correction.
The market's optimism comes after a major developments related to cryptocurrency in Washington. On December 11, the House Financial Services Committee sent a letter to the SEC requesting an update to regulations so that Bitcoin and other digital assets could be included in the 401(k) retirement plan.
The lawmakers say the current regulation is outdated and makes it impossible for millions of people to access new assets such as cryptocurrency.
This requirement follows US President Donald Trump's August 2025 decree called "Democralization of alternative asset access rights for investors 401(k)". The decree requires federal agencies to expand their asset portfolios to pension planners.
The National Assembly urges sections to comply with this policy and coordinate with the Ministry of Labor on related issues. The members also called for expanding access by loosening the definition of recognized investment which is often limited to rich individuals.
The cryptocurrency community believes that including cryptocurrencies in the 401(k) program could boost demand in the market.
In Vietnam, Bitcoin and other cryptocurrencies have not been recognized as a legal payment method and are not protected by law. Investors need to be cautious, avoiding risks from strong price fluctuations and fraud related to cryptocurrency.
