Why does Bitcoin still rebound (why does Bitcoin continue to soar)

Why is Bitcoin still rebounding? Why is Bitcoin still rebounding? Since the beginning of this year, BTC prices have increased by about 30%. But now it still hasn’t broken through historical highs Bitcoin has been fluctuating upwards since hitting a historic high of nearly $14000 on June 18th. As the currency price continues to climb to resistance levels above 13000, the trend has remained strong in the near future, hovering between $11800 and $12300. If analyzed according to the current situation, it may be necessary to wait until the end of the year or around 2022 for another significant correction and correction before ushering in a larger bull market

However, the compliance problems of several trading platforms are relatively serious recently. Is this good news for the entire Cryptocurrency market? In fact, there are also some reasons that may lead to the possibility of this situation occurring. For example, after Coinbase went public, it caused some distrust, and US regulatory agencies believe that the exchange belongs to a stock exchange, so it is not a problem to be required to provide information about investors and information; Another important reason is that Facebook has launched a new Stablecoin called Libra Diem. Although it does have great potential and can help many countries deal with digital asset payments and other issues, it will continue to exist in the future, so we cannot ignore this risk factor

Why Bitcoin continues to soar

According to Cointelgraph, Bitcoin (BTC) has surpassed the $30000 mark for the first time since December 2017 and is currently experiencing a long upward trend

According to Bloomberg, in the past few days, due to the expectation of the Federal Reserve’s policy adjustment and the impact of market selling and economic slowdown caused by the COVID-19 crisis, the price of Bitcoin has soared to the highest level in history and is still rising. Why will it continue to grow? Because as more and more people enter the crypto market, this asset is becoming a means of storing value. Bitcoin, as an emerging technology, is seen as a form of hedge against inflation and a safe haven investment tool. According to CoinMarketCap data, Bitcoin has risen by over 200% since the beginning of 2018.