Does Bitcoin continue to fall?

Bitcoin is trading at $ 10,300, up 1.3% but many professional traders believe to recover strongly, this virtual currency must surpass $ 10,500.

The first trading day of the week was green again, most of the big electronic money increased slightly. According to CoinMarketCap, Bitcoin price is standing at 10,351 USD, up 1.3% at 6:30 am this morning.

In the past 24 hours, this amount of virtual currency transactions reached 12.9 billion USD – extremely bleak figure for many weeks back. The market capitalization was recorded at US $ 185.1 billion, almost unchanged from the previous 48 hours.

For the week, Bitcoin lost nearly 14% of its value. This virtual currency sometimes even plunges to below $ 10,000, before returning to the current price.

The second largest currency in terms of market capitalization, Ethereum started the day at 194.6 USD. According to Coin360, Etherum lost more than 14% during the week.

Ripple is currently trading in green at about $ 0.281, up 6.5% in the last 24 hours. On the Ripple chart, it ranks third in market capitalization.

In addition to Bitcoin, Ethereum, Ripple, other virtual money series also opened the week in green. The group of 10 virtual money this morning increased the most, Monero with 7%, to 87.7 USD.

Recently, Bitcoin has attracted the attention of financial investors. From May 4/2019, Bitcoin began to grow galloping after a series of plunge throughout 2018. However, the momentum did not hold for long, Bitcoin prices continued to fluctuate and fluctuations are increasingly difficult to guess.

Many professional traders believe that this time Bitcoin is still working properly according to its upward trend from 2015 to 2017. But some comments suggest that Bitcoin must overcome the resistance of 10,500 – 10,800. USD to be able to break through.

In Vietnam market, the selling price of a Bitcoin this morning is VND 239.5 million, while the buying price is VND 237.5 million, VND 2 million difference, according to Retamino.

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