In May 2023, Bitcoin (BTC) strongly broke through and returned to the 100,000 USD mark, marking a new peak in the cryptocurrency market's new bull cycle. This surge was primarily driven by expectations of interest rate cuts by the Federal Reserve, the Bitcoin halving effect, and a global sentiment against inflation. Institutional investors increased their positions, coupled with a surge in demand from the Asian market, providing strong support for Bitcoin. The 100,000 USD mark is not only a psychological key point but also symbolizes Bitcoin's increasingly solidified status as 'digital gold.' However, the rapid price increase has also raised market concerns about the risk of a correction. Analysts remind investors to remain rational and be cautious of short-term fluctuations and regulatory changes.