In the tumultuous world of cryptocurrency, every move of Bitcoin always keeps investors on edge. Recently, Bitcoin's surge has sparked intense discussions in the market about whether the bull market is still ongoing. Looking back at Bitcoin's historical price trends, it resembles a grand legend. From recent data, Bitcoin's performance is quite impressive. What factors have driven this round of Bitcoin's increase? First, the policy factors cannot be ignored. Trump's announced cryptocurrency strategic reserve plan, which includes Bitcoin as a core asset in reserves, is seen as a landmark move by the U.S. government to officially accept cryptocurrencies, greatly boosting market confidence and attracting a large number of investors, thus driving up the price of Bitcoin. Secondly, the global economic environment has also influenced Bitcoin's price. When there are clear signs of global economic recovery and traditional financial markets are volatile, Bitcoin, as a digital gold with safe-haven properties, attracts more capital inflow. Additionally, market sentiment and investor confidence are key factors. As Bitcoin's price gradually rises, investors become increasingly optimistic about its future trends, and this positive sentiment further drives market buying behavior. However, whether the bull market is still ongoing cannot be determined solely based on short-term surges. Despite Bitcoin's impressive recent gains, the cryptocurrency market itself is characterized by high uncertainty and risk.
