Bitcoin price today: Unchanged
As of 7 pm today (January 31), Bitcoin - the world's largest electronic currency - according to market value reversed to increase slightly by 0.15%, reaching 87,880.08 USD.
This new price contributed to bringing the market capitalization to trade at 1,654 billion USD. Trading volume in 24 hours reached 49.45 billion USD.
Assessments and forecasts
The quiet diễn biến of cryptocurrency prices is in stark contrast to the volatile gold market. Bitcoin, often praised as "digital gold", continues to trade in a narrow range.
The US Federal Reserve (Fed) has kept the benchmark policy interest rate unchanged in the range of 3.50%-3.75%, temporarily stopping after three consecutive interest rate cuts.
Fed Chairman Jerome Powell said policymakers need more evidence that inflation is moving towards the 2% target sustainably before considering further easing, while pointing out that the labor market remains resilient and economic growth is stable.
Mr. Powell's statement was cautious, reinforcing expectations that interest rate cuts, if any, are likely to take place gradually and dependent on data. That stance put pressure on risk-sensitive assets, including cryptocurrencies, as investors re-evaluate the outlook for liquidity in the coming months.
In Vietnam, the cryptocurrency market has been piloted since September 9, 2025, the pilot implementation period is 5 years.
However, organizations and individuals participating in the cryptocurrency market must comply with relevant legal regulations on anti-money laundering, terrorist financing, financing the proliferation of weapons of mass destruction, electronic transactions, network information security, network security, data protection to ensure security and safety in the cryptocurrency market and other relevant specialized laws.
