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.

Although Bitcoin prices fell 2% today from just over 12-month highs, traders and analysts are proving that the Bitcoin bull market is far from over.

Bitcoin FOMO Signs Are All Over the Market

Data from Bitstamp shows that Bitcoin is hovering around $8,540 today (Wednesday), having hit a high of $8,908 earlier this week.

Even taking into account the recent plateauing in prices, this new high puts Bitcoin at its highest level against the US dollar since mid-May 2018.

Since the beginning of this month, the price of BTC/USD has surged 65%, with a three-month return of 125%.

As expected, commentators remain highly optimistic about Bitcoin’s near-term prospects. Anything from dissatisfaction with fiat currencies to calls by prominent opponents to “ban Bitcoin” could now have the opposite effect on public sentiment.

It is particularly worth mentioning that U.S. Republican Senator Brad Sherman
Sherman’s infamous speech on May 9 is now receiving fresh derision as he calls for a ban on Bitcoin, which has since responded by rising nearly 50%.

“There is no better advertisement for Bitcoin than this video (of Sherman proposing to ban Bitcoin),” Bitcoin developer Matt Odell concluded on Twitter on Tuesday.

GBTC’s Bitcoin hits $11,500

Furthermore, the data continues to speak for itself. The Grayscale Bitcoin Trust (GBTC) has experienced its own renaissance in the current bull market and is currently trading at an implied Bitcoin price of $11,440, a full 34% higher than Bitstamp and other exchanges.

Institutional interest - increasingly referred to as institutional "FOMO (fear of missing out)" - has become an important part of the crypto community, even as participants question the full potential of large-scale investment products to drive up Bitcoin prices.

Some claim that as more products are launched, this type of investor interaction with the market (non-custodial) will not best reflect the value of Bitcoin.

Others believe that this kind of market expansion is exactly what Bitcoin needs to gain influence with the public and regulators. Sonny Singh, senior director of BitPay
Singh told Bloomberg on Wednesday:

“I think it’s going to be hard, if JPMorgan and Facebook own a coin now, how are regulators going to say, we like JPMorgan and Facebook’s coin, but we don’t like Bitcoin and Ethereum?”

As previously reported, it’s not just the United States and its regulators that are paying attention to Bitcoin again this year.

Google statistics show that globally, other jurisdictions have the most active FOMO users, ranging from Brazil to Germany.

Overall, however, investor interest in Bitcoin remains lower than in 2017, suggesting that despite the momentum of the past two months, mainstream excitement is only just beginning.