Cryptocurrency market today, September 13: Strong increase and mixed sentiment of domestic investors

(NLDO)- The market is currently forecast to continue to increase thanks to expectations that the FED will reduce interest rates by 0.25% at its meeting next week, bringing the range to 4% - 4.25%.

According to OKX data at 10:15 on September 13, the cryptocurrency market increased simultaneously.

Bitcoin surges

Specifically, in the past 24 hours, Bitcoin (BTC) increased by more than 0.6%, trading around $115,900. Ethereum (ETH) continued to lead the increase with a 4.9% increase to $4,723. Solana (SOL) also increased by 3.8% to $242.5, while BNB increased by 2.6% to $927.

According to CoinDesk , in just the past few hours, Bitcoin has risen to $116,600, while Ethereum has also increased by 5% to $4,650, the highest level since the speech at Jackson Hole by US Federal Reserve Chairman Jerome Powell in late August.

Powell then signaled that the Fed would prioritize supporting the labor market rather than focusing solely on controlling inflation. This move reinforced expectations that the Fed would definitely cut interest rates in September, causing investment flows to seek assets such as cryptocurrencies.

The market is currently expected to continue to increase thanks to expectations that the FED will cut interest rates by 0.25% at its meeting next week, bringing the range to 4% - 4.25%.

Bitcoin at one point rose to more than $116,000 Source: OKX

It is noted that while the international market is optimistic, domestic investor sentiment is the opposite after the Government issued Resolution No. 05/2025/NQ-CP, on piloting the crypto-asset market (digital currency) for 5 years, applicable to both service providers, issuers and domestic and foreign investors.

This resolution marks the establishment of the first legal framework for the crypto asset market in Vietnam.

Specifically, according to the new regulations, domestic and foreign investors are only allowed to transact through organizations licensed by the Ministry of Finance .

After 6 months from the first domestic exchange going into operation, all trading activities outside the official system will be handled according to regulations, and may even be prosecuted for serious violations.

This has caused concern for many investors using international exchanges. Mr. Truong Viet Hoang, a long-time investor in Ho Chi Minh City, said that many people have proactively sold off assets they are holding on international exchanges to avoid legal risks.

Another group is still hesitant between retaining or withdrawing capital before transferring assets to domestic exchanges, due to concerns about liquidity issues.

According to investors, although the global cryptocurrency market is on the rise, domestic sentiment is still quite cautious, with no strong buying trend. They believe that for the market to operate sustainably, long-term investment should be encouraged instead of short-term trading.

Investors also expressed their hope that authorities will soon issue specific instructions on the operating mechanism, liquidity and safety of domestic crypto-asset exchanges, in order to create peace of mind and confidence when participating.

Source: https://nld.com.vn/thi-truong-tien-so-hom-nay-13-9-tang-manh-va-tam-ly-trai-chieu-cua-nha-dau-tu-trong-nuoc-196250913110628953.htm