After the news affects the "up and down jump", how will the Bitcoin market market evolve?

Author: Techub exclusive interpretation

Written article: TIA, Techub News

On Thursday evening in Hong Kong time, the cryptocurrency market experienced violent fluctuations in a few hours. Mainstream currencies such as Bitcoin and Ethereum experienced a rapid rise and rapid decline within a few hours. After doubled in a short period of time, the other "followed the decline without rising", which set a new low in phase.

The reason is that the United States has reported frequently in the improvement of cryptocurrency policy, but the reason why there is such a violent fluctuation is that different people have different understanding of these messages ...

"The big one is coming! I'm going to be the team leader!"

The dynamics of American Senator Cynthia Lummis are undoubtedly one of the core driving forces of the market last night. As the proposal of the Bitcoin National Strategic Reserve Proposal, Lummis released an intriguing hint 15 minutes before the opening of the U.S. stock, "" ₿Ig Things Are Coming "" "" "

Many investors have speculated that the proposal of the Bitcoin strategic reserve may soon be passed. After the opening of the U.S. stock, Bitcoin rose more than 2.5%in 15 minutes. But after that, this so -called "big" was just Lummis confirmed that he was elected chairman of the US Senate Bank Digital Assets Group Committee. The huge psychological gap made Bitcoin fell more than 3%in 15 minutes and staged a "roller coaster" market.

However, the decline in Bitcoin has not continued. Perhaps after the high expectations fall, investors calm down and believe that the election chairman is essentially conducive to Bitcoin to become a national strategic reserve assets faster. In addition, Bitcoin once issued a statement. It rose to nearly $ 107,000.

Later, with the news of the latest cryptocurrency administration signed by Trump, Bitcoin rose three times in a short period of time. According to "Fortune", Trump clearly supports the responsible growth of the crypto industry in the administrative order, and proposed to explore the establishment of a national digital asset reserve. At the same time, government agencies are prohibited from issuing CBDC to abolish the SAB 121 that preventing agencies from holding cryptocurrencies. Although the introduction of this policy is generally favorable, the implementation of its details is still uncertain, which leads to different market interpretation. Bitcoin has not fell again after Bitcoin has not broke through the high point in front of it. Almost exhausted all the growth of the entire farce.

According to COINGLASS data, after just a few hours of "challenging up and down", although the price of Bitcoin has not changed much, the value of the unbound contract in the contract market has fallen quite significantly. The market is out of the situation.

What will Bitcoin go in the future?

After the severe fluctuations on Thursday, on Friday, Bitcoin rose again, but fell rapidly after touching US $ 107,000 again, and the weekend was slightly fluctuated from $ 104,000 to $ 105,000.

Needless to say that after Trump officially came to power, the Web3 industry will be supported by unprecedented policies, which is a fact that helps to promote the rise in price from any angle. However, from the frequent appearance in the past week, the price has been repeatedly blocked by nearly $ 107,000, and investors have reason to have a reason for short -term definition risk.

In the past two or three months, the price range of Bitcoin has been maintained between $ 90,000 and $ 110,000, and the market may require new reasons to finally choose the direction. What I need to remind me is that although Trump's onto will benefit the Web3 industry, cryptocurrencies such as Bitcoin will still receive the impact of macro drama change. Trump's policy is good for the United States and the world economy. Bad, whether the promises will really be cash will be observed one by one.

Before expecting Bitcoin to continue to reach 110,000, 120,000, and even 150,000 US dollars, we also need to prevent extreme conditions similar to the 2021 "519". At the end of 2021, Bitcoin was still higher than the high point in March of that year. Nearly 10%, but it still does not prevent the fierce fluctuations in the middle of the middle.