Following the approval of 11 Bitcoin ETFs by the SEC, a long-term analysis suggests positive impacts on Bitcoin:

Short Term Effects:

Increased demand: The ETF approvals are expected to draw in new investors, leading to a surge in demand for Bitcoin.
Price surge: With heightened demand, Bitcoin's price is likely to experience an upward trend in the short term.
Long-term Effects:

Bitcoin Legalization: SEC's approval signifies progress in Bitcoin's path towards legalization, fostering broader acceptance of the cryptocurrency.
Influx of investment capital: ETF approval will attract substantial investment capital into the Bitcoin market, fortifying its growth.
Price appreciation: The influx of investment capital is anticipated to drive sustained long-term growth in Bitcoin's price.
Expert Perspectives:

Mike McGlone, senior strategist at Bloomberg Intelligence, considers the ETF approval a significant milestone for the Bitcoin market.
Grayscale Investments predicts that SEC's approval will entice more institutional investors into the market.
Fundstrat Global Advisors suggests a bullish outlook, projecting Bitcoin's price could reach $100,000 within the year.
In summary, the SEC's approval of Bitcoin ETFs is expected to have a positive impact on Bitcoin's market dynamics, with potential for sustained growth and increased institutional participation.
Source : https://goonus.io/bitcoin-halving/

Is Bitcoin price affected by hash rate fluctuations?
Hash rate and Bitcoin price frequently have a close association as follows:

As Bitcoin prices rise, miners become more profitable, leading to an increase in participation.

Increased demand for Bitcoin mining leads to an increase in Hashrate (mining speed).
When the Bitcoin price falls, miner income diminish, leading some to abandon mining.
Hashrate falls as demand for Bitcoin mining declines.
For example,

Hashrate rises after a few days, increasing the price of bitcoin.
Bitcoin price plummets: Hashrate falls after a few hours.
Source : https://goonus.io/markets/BTC_USD/

Standard Chartered predicts Bitcoin will reach 200,000 USD by 2025.

Geoffrey Kendrick, a senior analyst at Standard Chartered, predicted that Bitcoin prices would rise in the next two years.


Kendrick believes that Bitcoin's value will increase if the ATH is halved in the next few months and 100,000 USD is earned during that time.

BTC +0.02%
Source : https://goonus.io/markets/BTC_VND/

How to view Bitcoin/VND price profit and loss on ONUS App?
To see the price profit and loss of Bitcoin (BTC) compared to VND (VNDC) on the ONUS App, you can do it in the following ways:

1. View directly on the transaction screen:

Open the ONUS app and access the "Markets" section.
Search for BTC/VND trading pair.
The displayed value will be the current BTC selling price in VND.
Next to the selling price, you will see the price difference (increase/decrease) compared to the previous purchase price.
For example:

Current BTC selling price: 1 BTC = 1,000,000,000 VND
Price difference: +5% (increase)
Mean:

The current BTC price is 5% higher than the price you bought previously.
You are making a 5% profit on your BTC investment.
2. View in transaction history:

Open the ONUS app and go to "Account".
Select "Transaction history".
Filter BTC purchases.
Compare the BTC buying price with the current selling price (on the trading screen) to determine profit or loss.
For example:

Previous BTC purchase price: 1 BTC = 800,000,000 VND
Current BTC selling price: 1 BTC = 1,000,000,000 VND
Mean:

You are profiting 200,000,000 VND on your BTC investment.
3. Use the calculation tool:

You can use online calculation tools or built-in calculators in ONUS App to calculate profit and loss based on purchase price, sale price and amount of BTC.
Calculation formula:

Profit/Loss = (Sell price - Buy price) * BTC amount
For example:

BTC purchase price: 800,000,000 VND
BTC selling price: 1,000,000,000 VND
Number of BTC: 1
Profit:

(1,000,000,000 - 800,000,00 * 1 = 200,000,000 VND
Mean:

You are profiting 200,000,000 VND on your BTC investment.
Source : https://goonus.io/markets/BTC_VND/

Bitcoin sets all-time high ahead of halving
On the evening of March 5, Bitcoin price officially reached a new peak of 69,170 USD, surpassing the previous record of 69,000 USD recorded on November 10, 2021.
This milestone brought Bitcoin's market capitalization to over $1.35 trillion, equivalent to the total market capitalization of silver.
Bitcoin prices have skyrocketed since the launch of Bitcoin Spot ETFs in the US in January, making Bitcoin Spot a viable investment option for a group of institutional investors who cannot directly hold the cryptocurrency this guy.
According to Coinglass, the price increase on March 5 caused $536 million to be liquidated in 24 hours, of which $286 million was in short-selling transactions. Currently, Bitcoin is correcting to 63,367 USD, down 7% in the past 24 hours.
Previously, Bitcoin usually only reached new highs after “halving” – an event that halved the block reward of Bitcoin mining to ensure the number of Bitcoins were issued at a stable rate, thereby controlling inflation rates. develop and increase value for the world's largest coin. However, the new ATH shows that Bitcoin is breaking this trend. The next halving event is expected to take place in April 2024.
Source : https://goonus.io/markets/BTC_VND/