Bitcoin price: Low
This morning (November 18), Bitcoin (BTC) - the world's largest cryptocurrency in terms of market value continued to decrease by 0.62%, reaching 93,709.45 USD.
This new price contributes to bringing market capitalization to 1,869 billion USD, down 22 billion USD. Similarly, trading volume in 24 hours increased by 34.82 billion USD, reaching 85.88 billion USD.
Assessment and forecast
Bitcoin supporters seem to have enough foundation from Wall Street's support, political favor, organizational cash flow, except for a price increase.
After surpassing the $126,000 mark in October, Bitcoin fell sharply, at times erasing all of its 2025 gains before stabilizing again on Monday. The plunge from record highs that occurred right in the year Bitcoin had to strengthen its authenticity.
In the context of Wall Street joining the fight, ETFs put cryptocurrencies in public investment portfolios, and the Trump administration fully supports cryptocurrency
However, the market plummeted quickly, strongly and without a clear cause. According to Bloomberg data, Bitcoin's capitalization has evaporated about 600 billion USD compared to the peak in October. Valuation is common in cryptocurrency, but the difference this time is that trust is not consolidated, and every explanation becomes forced.
On exchanges and social networks, concerns are spreading. Short-term investors have returned to old charts, found familiar theories and sought buyers. There is no Wall Street " Syrianism" to predict how Bitcoin moves in an uncoordinated and un governed manner, so many people return to the most familiar model: the 4-year halving cycle.
That is the event that has caused the rate of increase in Bitcoin supply to increase by half in 4 years. Historically, this event has often triggered speculative fevers followed by painful collapses, often with delays when excavators - the operators of computers - explain selling right when prices start to slide.
In this cycle, halving takes place in April 2024. The peak price appeared in October. This process has many meeting points, but when institutional investors with "huge" wallets are shaping the market, is the old scenario still correct?
Matthew Hougan - Investment Director of Bitwise Asset Management - commented: "The sentiment among retail investors is cautious enough that the market may continue to decline."
In Vietnam, the cryptocurrency asset market has been piloted since September 9, with a pilot implementation period of 5 years.
However, organizations and individuals participating in the cryptocurrency asset market must comply with relevant legal regulations on prevention and control of money laundering, terrorist financing, sponsorship of the dissemination of weapons of mass destruction, electronic transactions, network information security, network security, data protection to ensure security and safety in the cryptocurrency asset market and other relevant specialized laws.
