Attention! Tonight these messages will ignite the Bitcoin market

1. U.S. Regulatory Easing

The department in the U.S. that regulates cryptocurrencies is called the SEC. In the past, they often troubled crypto companies, such as suing Coinbase for selling 'unregistered securities' (which refers to cryptocurrencies). Now that Trump is in office and the SEC has new leadership, the wind has changed! Those lawsuits that were not considered fraud are likely to be withdrawn, and Coinbase's lawsuit is almost withdrawn. Moreover, it may become possible for companies to boldly hold crypto assets in the future. Although new regulations won't come out immediately, as long as people believe that regulation will loosen in the future, they will be willing to buy Bitcoin, and the price will naturally rise; if policy advancement does not go smoothly, prices will be in jeopardy.

2. War and Tariffs Causing Trouble

Recently, Israel has been fighting Iran, and oil prices have surged by 9%, with gold prices also skyrocketing to $3,400/ounce, causing global stock markets to decline. At this time, some believe that Bitcoin can hedge against risks, so they will rush to buy, driving the price up; however, if panic sets in and everyone frantically sells assets to flee, Bitcoin will have to drop as well. Additionally, the U.S. will impose a 50% tariff on steel appliances on June 23, which will affect global trade. If the economy is not good, there will be fewer investors in Bitcoin, and the price will also be impacted.