Bitcoin price: Red color appears
As of 7 pm today (January 19), Bitcoin - the world's largest electronic currency - according to market value reversed to decrease by 1.98%, reaching 93,180.79 USD.
This new price contributed to a slight decrease in market capitalization, trading at the 1,900 billion USD mark, down 161 billion USD. Trading volume in 24 hours increased to the 37.50 billion USD mark, up 11.15 billion USD.
Perspectives and forecasts
Bitcoin fell by 3.6% to below the 92,000 USD mark in this morning's Asian trading session, while many other cryptocurrencies recorded deeper declines.
According to data from CoinGecko, this sell-off "evaporated" about 100 billion USD of capitalization in the entire cryptocurrency market. Bitcoin then narrowed down its decline and traded around a decrease of 2.5% at 6 am New York time.
Last weekend, US President Donald Trump announced that he would impose a 10% tariff on goods from eight European countries from February 1st, and raise it to 25% in June if an agreement on "buying Greenland" is not reached. This information caused futures contracts for US stock indices to simultaneously fall sharply when opening the first session of the week, while hedge funds such as gold and silver soared to record highs.
The US President's statement faced criticism from European leaders, who are currently considering suspending the ratification of a trade agreement reached last year.
Previously, the digital asset market had a fairly positive start this year, after closing 2025 in a gloomy state and unable to recover sustainably after a sharp decline in October. Bitcoin once rose to nearly 98,000 USD on January 14, thanks to strong cash flow flow into listed Bitcoin ETF funds in the US.
According to Mr. Richard Galvin - co-founder of DACM hedge fund, this upward momentum is seen as "a recovery from the over-selling zone, originating from selling losses to optimize taxes and the general "surrender" wave at the end of the year". However, new concerns related to tariffs quickly curbed that recovery momentum. The fact that gold prices continuously hit new peaks shows that current selling pressure is "more risk-avoiding, not just for the cryptocurrency market" - Mr. Galvin assessed.
Data from CoinGlass shows that in the past 24 hours, about 790 million USD of positions betting on the cryptocurrency market have been liquidated. According to Ms. Rachael Lucas, an analyst at BTC Markets, traders are considering the 90,000 USD mark as the next stop if the current support levels are broken, while optimists believe that demand from organizations may create a "floor price" for Bitcoin.
In Vietnam, the cryptocurrency asset market has been piloted from September 9, 2025, the pilot implementation period is 5 years.
However, organizations and individuals participating in the cryptocurrency asset market must comply with relevant legal regulations on preventing and combating money laundering, terrorist financing, financing 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.
