On November 1 (Vietnam time), on Coinmarketcap, Bitcoin is currently trading at $34,449, continuing to increase by 0.11% compared to the previous trading session.
Market capitalization is currently at $6722 billion. Bitcoin's 24-hour trading volume is $14.3 billion.
However, with Bitcoin's rise, on the Binance tracking tool, the prices of other virtual currencies have had notable fluctuations.
Typically, Ethereum price increased by 0.32% to 1,805 USD; BNB price decreased by 0.97% to 224 USD; Dogecoin price decreased by 3.05% to 0.06 USD.
According to observers, Bitcoin prices have recently experienced impressive growth due to rumors about the launch of a Bitcoin spot exchange-traded fund (ETF). Accordingly, this fund is expected to attract more cash inflows, allowing more investors to buy Bitcoin without having to trade directly.
However, the opposite move from other cryptocurrencies shows that investors still have concerns about risky assets like cryptocurrencies.
In Vietnam, representatives of the State Bank have repeatedly sent out the message: Bitcoin and other similar virtual currencies are not legal currencies and payment methods in Vietnam. The issuance, supply, and use of Bitcoin and other similar cryptocurrencies as payment methods are acts that are not in accordance with current laws.
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