Recent reasons for the sharp rise in Bitcoin
1. The easing of trade relations between China and the United States, with the tariff war coming to an end.
2. Bitcoin spot ETFs have seen a net inflow of over 100 million dollars for two consecutive days.
3. The rise in U.S. stocks has driven up the crypto market.
4. This month, the Federal Reserve continues to cut interest rates by 25 basis points, which is favorable.
In-depth analysis:
There is no clear official news on whether the trade war has eased, only a conversation, and the main speaker of this conversation is not Huang Mao, and the content of the conversation is not publicly disclosed by the speaker himself, so its authenticity is debatable. Moreover, if Huang Mao says something, it’s not impossible that he might directly tweet about increasing tariffs by 1000% in the next second. The interest rate cut by the Federal Reserve was originally anticipated and has not yet materialized, and even if it does occur, the enthusiasm for this round of rate cuts has long been overconsumed.
