$BTC

. US Regulatory Easing

The department that regulates cryptocurrencies in the US is called the SEC. Previously, they always troubled crypto companies, such as suing Coinbase for allegedly selling 'unregistered securities' (which refers to cryptocurrencies). Now that Trump is in office, the SEC has changed its leadership, and the tide has turned! Those lawsuits that weren't considered fraud are likely to be withdrawn, and Coinbase's lawsuits are close to being dismissed. Moreover, companies may be allowed to boldly hold crypto assets in the future. Although new regulations won't come out immediately, as long as everyone feels that regulations will be relaxed in the future, they will be willing to buy Bitcoin, and the price will naturally rise; if policy advancement is not smooth, the price will be in jeopardy.

2. Wars and Tariffs Stirring Trouble

Recently, Israel has been fighting Iran, causing oil prices to rise directly by 9%, and gold prices have soared to $3,400 per ounce, with global stock markets all declining. At this time, some people believe Bitcoin can act as a safe haven, so they will rush to buy, driving the price up; however, if panic sets in, and everyone frantically sells assets to escape, Bitcoin will also have to drop. Furthermore, the US is set to impose a 50% tariff on steel appliances on June 23, which will impact global trade. If the economy worsens, there will be fewer investors in Bitcoin, and the price will also be affected.