Bitcoin prices continued to plunge 1.34% to 7,725 USD at 6:30 am (Vietnam time), according to Bitstamp.

Leading Alex Kruger, an analyst and economics economist, says that Bitcoin is still in the "danger zone." If the decline continues, the BTC may return to the beginning of 2019.

Price of Bitcoin in recent days plunged after a strong increase in many months, bringing electricity bill from $ 3,000 to $ 4,000 to higher than $ 9,000.

The famous electricity analyst, nicknamed Galaxy, told his 52,000 followers on Twitter that big traders are pessimistic about Bitcoin prices. According to Galaxy, the recent recovery of Bitcoin is only temporary and this virtual currency may decline in the short term.

Many virtual currencies smaller than Bitcoin are also in a similar decline. According to CoinMarketCap, Ethereum is down 0.78% in the last 24 hours, down to $ 244.9. Bitcoin Cash also decreased by 1.42% to 391 USD. EOS dropped 1.85% to 6.32 USD.

The top 10 virtual currencies market capitalization this morning had a strong differentiation. Ripple suddenly reversed, up 3.83% after a slight decline at the beginning of the session yesterday. Litecoin also increased 6.65% to 110.5 USD. While EOS increased slightly by 1.85% to 6.32 USD.

Total market capitalization this morning did not change much, currently reaching 249 billion USD.

Domestic market, Bitcoin price this morning adjusted down slightly by 0.63% to 184 million. Bitcoin Cash dropped 7.1% to VND 9.4 million. Ethereum increased slightly by 1.23% to approximately VND 6 million.

Bitcoin is virtual money with huge price fluctuations. By the end of 2017, after reaching a record high of nearly USD 20,000, Bitcoin had slumped, with a time of USD 3,200 in 2018. Since the beginning of this year, Bitcoin has gradually recovered and accelerated strongly in April and May.

However, Bitcoin is declining continuously since the beginning of June. Many traders are warning that this virtual currency is in danger area and will continue to decline in the short term.