Bitcoin price: Continue to increase prices
Bitcoin (BTC) - the world's largest cryptocurrency by market value continued to increase slightly by 0.24%, reaching 91,583.03 USD.
This new price contributes to bringing market capitalization to 1,827 billion USD, down 18 billion USD. On the other hand, trading volume in the 24 hours increased by 12.38 billion USD, reaching 82.23 billion USD.
Assessment and forecast
According to analysis from XWIN Research Japan, Bitcoin could continue to be "stuck" in the narrow trading zone until the end of December if the US Federal Reserve (Fed) does not cut interest rates at the much-anticipated meeting next month.
The December FOMC meeting is becoming one of the most unpredictable in years.
After the US government closed the US Bureau of Labor forcing the Department of Labor to cancel its October jobs report and delay October and November data, policymakers entered the meeting with limited information.
Expectations of a rate cut that was once more than 70% have now fallen to 40%-50%, while the Fed meeting minutes show the committee is deeply divided.
Keeping interest rates unchanged will signal that the Fed remains cautious as inflation remains around 3% and important labor indicators are still lacking.
History shows that tight monetary conditions often attract liquidity from risky assets, which happened earlier this month when expectations of sharp interest rate cuts fell, leading to sell-offs in the stock market and cryptocurrency.
Bitcoin reacted immediately when the possibility of a rate cut decreased, this currency fell below 90,000 USD, erasing the results for many weeks.
Analysts believe that a similar scenario will happen if the Fed continues to be cautious in December, when positions using leverage become more vulnerable in the context of low liquidity.
However, below the market surface, there are still factors for a recovery. The amount of neutral electronic money on exchanges has increased to a record 72.2 billion USD.
Each strong increase in 2025 begins with similar liquidity accumulation - cash flow waiting for a favorable signal from the macro context.
Without a rate cut, XWIN predicts that Bitcoin will move sideways in the 60,000-80,000 USD range by the end of the year.
The downward pressure is believed to come from weak risk demand, while the increase is limited until the market has clarity from the Fed.
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.
