Against the backdrop of the stock market's counterattack and surge, the digital currency market has also attracted much attention. Bitcoin has always been a hot topic among investors, but whether Bitcoin can still sit on the bench when the stock market continues to rise has become the focus of market attention. This article will analyze from the perspectives of stock market trends, Bitcoin development, market forecasts, etc., to explore the development prospects of Bitcoin under the current situation.

The counterattack and surge in the stock market has brought prosperity to the capital market, and investors are eager to see the investment opportunities. However, at the same time, can Bitcoin, a once highly anticipated digital currency, continue to maintain its unique charm and lead the market in the face of the sudden rise of the stock market? This is a question worth exploring in depth.

 The stock market has soared, can Bitcoin counterattack

The surge in the stock market has made investors excited, various stocks have risen, and the market atmosphere is prosperous. However, at the same time, Bitcoin's performance seems a bit bleak. Bitcoin, which was once highly sought after, seems to have lost the favor of some investors under the strong performance of the stock market. Whether this means that the glorious era of Bitcoin will end or it is just a temporary downturn, we need to wait and see.

 The current status of Bitcoin's development

As the first widely accepted cryptocurrency, Bitcoin has always attracted much attention. Its decentralization and anonymity have attracted the attention of many investors. However, with the strengthening of regulatory policies and the intensification of market competition, the development of Bitcoin is also facing some challenges. Recently, the price of Bitcoin has fluctuated greatly, and the market sentiment is relatively unstable, which has brought certain troubles to investors.

 The correlation between the stock market and Bitcoin

As investment products in two different fields, the stock market and Bitcoin have a certain correlation between their trends. In the case of a sharp rise in the stock market, funds may flow into the stock market, thus affecting the performance of digital currencies such as Bitcoin. When investors choose investment targets, they often take into account the overall market trend, which also affects the performance of Bitcoin. Therefore, the rebound of the stock market has a certain impact on the trend of Bitcoin.

 Market forecast and investment advice

In view of the current situation of the stock market counterattack and the unclear trend of Bitcoin, market forecasts and investment advice are particularly important. Investors need to pay close attention to market trends, seize investment opportunities, and make wise decisions. When choosing investment targets, in addition to paying attention to the stock market trend, they should also have some understanding of the development trend of digital currencies such as Bitcoin in order to better avoid risks and obtain returns.

 Conclusion

Against the background of the stock market counterattack and surge, the performance of Bitcoin has attracted much attention. Investors are looking forward to Bitcoin going against the trend and regaining the market's attention. However, the market is changing rapidly, and investment needs to be cautious. Whether it is the stock market or Bitcoin, investors need to remain rational and make prudent choices to be invincible in the investment market. I hope that investors can overcome difficulties and get rich returns in this magnificent 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.

Today, the stock futures market saw a long-awaited surge. The Shanghai Composite Index officially broke through the highest point of 3288.45 points in the first quarter of 2019. The ChiNext Index broke through the highest point of the first quarter of 2019 in January. Seeing that A-shares are suddenly so popular, we can't help but shout: "When will the bull market in the currency circle come?"

Amber Group, an encrypted lending institution, predicted: "As a synonym for China's venture capital sentiment, this may be a good sign for cryptocurrencies." As of press time, BTC/
USD has just hit $9,200, a level not seen since July 2, and fell below $9,000 late on Sunday.

Bitcoin and S&P 500 three-month chart

"Life Cycle"

The well-known big V "PlanB" shared the following chart on July 5, showing that BTC's life cycle has been three years, and its increase has exceeded 1,000%.

The annual growth of 1.000%+ is marked by the influx of users, and each consecutive wave is getting bigger and bigger. According to a Twitter survey conducted by PlanB, 43.9% of the 9,517 respondents expect Bitcoin to return more than 1,000% annually.

Slowing growth

According to statistics, Google searches for "Bitcoin", the number of new Twitter cryptocurrency followers, Wikipedia's "Bitcoin" page views, and Bitcoin/USD trading volume, all four indicators have not exceeded the values of Bitcoin's historical record period at the end of 2017.

Since 2017, the growth rate of new Twitter followers of exchanges such as and Coinbase has also slowed down. In January 2018, the exchange added nearly 254,000 new Twitter followers, while the average increase so far in 2020 is 5,340, which is about 50 times lower than the peak week.

Similarly, views on Wikipedia's "Bitcoin" page are 31 times lower than the peak week of December 3, 2017. As for BTC/USD trading volume, it peaked in the week of December 17, 2017, at nearly $17 billion. Average weekly trade volume in 2020 so far is $2.5 billion, nearly seven times less than at its peak.

Overall, these indicators suggest that there are fewer participants in the current crypto market than in December 2017. However, as The Block’s Larry
Cermak points out, the crypto market structure has matured significantly over the past two years and has become more institutionalized. This also means that investors will be more responsive when a new bull run comes.

Thick accumulation

But as BTC has stagnated over the past two years, some believe that Bitcoin is on a macro platform. Peter
Schiff, a well-known gold bull, said that Bitcoin has no intrinsic value and is a textbook bubble.

Mike
McGlone, a senior commodity analyst at Bloomberg Intelligence, published a report in early June stating that Bitcoin could reach $20,000 by the end of 2020. McGlone’s optimism is based on his analysis that BTC’s current price action is similar to the action after the block reward halving in 2016.