After a sharp drop in March, Bitcoin once again sparked heated discussions in the market, as it broke through the price of $7,500 and hit a new high, attracting the keen attention of investors. This amazing rise makes people wonder what the future trend of Bitcoin will be? This article will discuss the reasons behind the surge in Bitcoin prices and reveal the mystery of this surge.

Bitcoin, the price fluctuation of this virtual currency has always attracted much attention. From the initial few dollars to the current thousands of dollars, what kind of power is hidden behind its soaring price? The sharp drop in March did not seem to make Bitcoin lose its charm, but instead contributed to its subsequent rise. The fluctuation of Bitcoin prices is not just a game between numbers, but also the result of the combined effect of multiple factors such as market, technology, and policy.

Behind the surge in Bitcoin prices, technical factors play a key role. Blockchain technology, as the underlying support of Bitcoin, is highly recognized for its security and decentralization. With the continuous development and improvement of blockchain technology, people's confidence in Bitcoin has also increased, which has also provided strong support for the rise in Bitcoin prices. In addition, Bitcoin's scarcity design is also one of the important reasons for its price rise, and the fixed total amount has attracted the attention of many investors.

In addition to technical factors, market sentiment also plays an important role in the fluctuation of Bitcoin prices. Investors' emotional fluctuations tend to amplify market fluctuations. When market optimism is high, Bitcoin prices tend to usher in a wave of gains. The recent surge in Bitcoin prices is also inseparable from the warming of market sentiment. As the hope of global economic recovery increases, investors' preference for risky assets is gradually increasing, and Bitcoin, as a risky asset, is naturally sought after.

Policy factors are also one of the important factors affecting Bitcoin price fluctuations. Different countries have different regulatory policies for Bitcoin, which also leads to the instability of Bitcoin prices. Recently, some countries have relaxed their attitudes towards cryptocurrencies, which undoubtedly provides certain support for the rise in Bitcoin prices. However, the uncertainty of regulatory policies has also brought certain fluctuations to Bitcoin prices, and investors need to be cautious in dealing with policy changes in different countries.

In general, the surge in Bitcoin prices is not accidental, but the result of the combined effect of multiple factors. Technological progress, fluctuations in market sentiment, policy changes and other factors are intertwined to jointly promote the fluctuation of Bitcoin prices. While chasing profits, investors also need to have a deeper understanding of the nature of Bitcoin in order to better grasp market opportunities.

The price fluctuation of Bitcoin has always been the focus of the market, and the reasons and impacts behind it are also worth our in-depth thinking. For investors, understanding the logic behind Bitcoin prices can better grasp investment opportunities and avoid risks. The surge in Bitcoin may be just the beginning, and the future trend is full of variables. Only by continuous learning and thinking can we be invincible in the market.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Bitcoin breaks through $7,500, hitting a high since the March crash! According to BitPush data, Bitcoin, the cryptocurrency with the highest market value, soared above $7,500 on Thursday, hitting a high since the March crash. Oanda market analyst Ed Moya said that as Bitcoin approaches the top of its recent trading range, it may have enough momentum to break through $8,000.

"Bitcoin is beginning to attract the interest of individual investors again," Moya wrote in a report. "As global economic stimulus measures show no signs of easing, some traders are starting to use cryptocurrencies to hedge against currency wars."

Over the past month, cryptocurrencies have largely kept pace with risky assets, falling when the stock market fell and following the stock market up. Under the current optimistic expectations, some areas of the U.S. economy may be about to open up, and traditional capital markets are recovering.

The price trend of Bitcoin is also consistent with the results of a survey on Twitter. According to a poll initiated by cryptocurrency analyst PlanB on Twitter on Thursday, as many as 81% of voters use Bitcoin as a long-term investment, 7.3% use Bitcoin for trading, and 3.1% use Bitcoin as a means of payment and shopping.

In the crypto futures market, investors have also shown great interest in Bitcoin derivatives. Data from data provider Skew shows that since Bitcoin fell in March, open interest on both Bakkt and CME exchanges has hit a new high.

On March 13, Bakkt's open interest fell to $4.8 million, and then reached $6.9 million as the Bitcoin market stabilized. CME's open interest fell to $118 million on March 16, and its current open interest volume has returned to $207 million.

Just this Wednesday, Bloomberg said in a newly released report that Bitcoin is preparing for the next massive bull run.

The report said, "We believe that the stock market shock will temporarily drag down Bitcoin, but the results are more reminiscent of gold after the 2008 financial crisis. This year is a key test for Bitcoin's transition to quasi-currencies such as gold. Although Bitcoin has been hit, it has also stabilized its foundation under unprecedented global monetary stimulus and increased adoption rates. The pricing reset of major quasi-currencies and this year's stock market shocks support the appreciation of Bitcoin and gold prices." 

The report also stated that "stock market shocks have accelerated Bitcoin's transition to gold. We believe that this year will confirm that Bitcoin has transformed from a risky speculative asset to gold in the crypto market. From a volatility perspective, the decline in Bitcoin volatility and the increase in stock market volatility will also accelerate this. Bitcoin's correlation with gold is already the highest level in 10 years. Bitcoin's correlation with gold is about twice that of stocks. Bitcoin's maturation from speculative appreciation to a value storage mechanism similar to gold will continue."