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.

In stark contrast to the recent losses in Asian stock markets, Bitcoin has surged in value. Bitcoin has jumped sharply to $6,600, in an apparent attempt to break out of the $6,000 slump it has been constrained to and escape the $5,000 danger zone. This is great news for bulls, but has also caught bears off guard as trading volumes have also risen.

Bitcoin has fallen by about 70% since last year, when it hit a record high of nearly $20,000. Since 2018, the cryptocurrency market has seen a general sell-off due to tighter regulation around the world, thefts and security concerns. Since January, the entire cryptocurrency market has lost 57% of its value to $608 billion.

However, this is nothing new for Bitcoin, as previous bear markets have wiped out 75-80% of the gains made in the parabolic bull market. This has not stopped Bitcoin from continuing to rise for a long time, and the bear market is no exception.

As more Bitcoins are mined, more people are accepting Bitcoin, and Bitcoin can already be used to purchase goods in some other countries. Bitcoin and other systemically important coins represent a legitimate alternative to the current financial order and may be worth more in the future. This Bitcoin bear market is likely close to bottoming out, and the subsequent bull run will send prices sharply higher. Will Bitcoin's price dormancy period end and will it be greeted by another peak?