Bitcoin has risen for ten consecutive days, breaking through $42,600, and the market boom has re-emerged

With the continuous evolution of the global financial market, Bitcoin, as a representative of digital currency, has attracted widespread attention and discussion in recent years. Recently, the price of Bitcoin has broken through $42,600 in one fell swoop, and has achieved a rare 10-day continuous rise. This phenomenon has not only attracted the attention of investors, but also triggered in-depth discussions among economists and financial analysts. In addition, the recent reverse repurchase operation of the Federal Reserve System of the United States has exceeded $1 trillion. This series of events has undoubtedly injected new vitality and uncertainty into the market.

The price trend of Bitcoin can be seen as a microcosm of the global economic situation. After experiencing many price fluctuations, Bitcoin finally showed strong vitality in this round of rise. Investors have flocked to this market to try to seize this opportunity. In fact, Bitcoin is not just an investment tool. It also reflects people's expectations and confidence in the future economy to some extent.

When analyzing the reasons for the rise in Bitcoin prices, we cannot ignore the changes in the global economic environment. As central banks around the world adopt loose monetary policies, the massive increase in liquidity has provided a basis for the rise of digital assets such as Bitcoin. Especially in the process of economic recovery after the epidemic, Bitcoin is gradually seen as a new option when investors are looking for safe-haven assets. Compared with traditional stock markets, the Bitcoin market is more volatile and risky, but it also offers higher return potential.

As the price of Bitcoin soared, a large number of investors and speculators also emerged in the market. Discussions about Bitcoin on social media continued to heat up, and many investors began to share their investment strategies and success stories. It can be said that the Bitcoin craze is not only a phenomenon in the financial market, but also a cultural phenomenon. In this digital age, more and more people are beginning to pay attention to and participate in this emerging market.

Against this background, the news that the US Federal Reserve's reverse repurchase operations exceeded $1 trillion undoubtedly added more drama to the market. Reverse repurchase is a way for the central bank to regulate market liquidity by selling securities to financial institutions and promising to repurchase them at a certain time in the future. Recent reverse repurchase operations show that liquidity in the market is still very abundant, which also provides support for the rise of digital assets such as Bitcoin.

While analyzing the rise of Bitcoin, we should also pay attention to the risks. Although Bitcoin has shown strong upward momentum in the short term, its price fluctuations are still unpredictable in the long run. Many investors often ignore potential risks while chasing profits. In this era of information explosion, investors need to have a deeper understanding of the market in order to seize opportunities in fluctuations.

The price fluctuations of Bitcoin are not only affected by the supply and demand relationship in the market, but also closely related to multiple factors such as the policy environment and technological development. As more and more institutional investors enter the Bitcoin market, the structure of the market is also changing. We see that more and more hedge funds and asset management companies have begun to include Bitcoin in their investment portfolios, trying to increase overall returns by allocating this asset.

However, the market's heat has also brought regulatory attention. Governments and regulators have begun to review the digital currency market, trying to protect investors while maintaining the stability of the financial market. On the one hand, this may restrict the further development of Bitcoin, and on the other hand, it may also prompt the market to move towards a more mature and standardized direction.

It is worth noting that although the price of Bitcoin has performed well in the short term, the technical foundation and application scenarios behind it are equally important. Blockchain technology, as the foundation of Bitcoin, is gradually penetrating into all walks of life. Whether it is finance, logistics, or medical care and art, blockchain technology has demonstrated its unique value. As a representative of blockchain technology, Bitcoin's future development potential is still worth looking forward to.

In this round of Bitcoin's rise, investors' psychology and behavior are also changing. Many people are beginning to focus on long-term investment rather than short-term speculation. This change in mentality may bring more stable growth to the Bitcoin market. This will not only help enhance the market image of Bitcoin, but will also attract more institutional investors to participate.

In short, the continuous rise of Bitcoin and the US Federal Reserve System's reverse repurchase operation exceeding $1 trillion show the complexity and variability of the current market. For investors, while seizing opportunities, they also need to remain rational and pay attention to market changes and potential risks. In this era of booming digital currencies, only by continuous learning and adaptation can we remain invincible in the fierce market competition.

How Bitcoin will develop in the future remains an open question. Despite the current market boom, any investment has risks, especially in such a volatile market. Only through in-depth research and rational judgment can we succeed in investing in Bitcoin.

As time goes by, more and more people will participate in Bitcoin investment, which is not only a pursuit of wealth, but also an exploration of the future digital economy. In this process, investors need to keep an open mind and embrace changes in order to find their own position in the ever-changing market.

The future of Bitcoin is full of uncertainty, but it also contains huge opportunities. Whether for individual investors or institutional investors, understanding market trends and mastering investment strategies will be the key to success. In this era full of challenges and opportunities, only with rationality and wisdom can we ride the wave of Bitcoin and embrace the future.

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 rose above $40,000 this week, driven by rumors that Amazon might enable cryptocurrency payments and the continued inflation expectations of the Federal Reserve. It has been fluctuating steadily at this price level for the first time in a long time.

According to TradingView data, Bitcoin once again broke through the $42,000 resistance today (1), reaching a high of $42,605, up 3.5% from the low of $41,150 in 3 hours, up 24.7% in a week, and also the highest point since May 20. Bitcoin was trading at $42,139 before press time.

The daily increase has also become the focus of traders. Foreign media CoinTelegraph pointed out that Bitcoin's daily chart has rarely opened 10 consecutive green lines. The last time this happened was in 2012. In the history of Bitcoin, even if it closed up for 9 consecutive days, it has only happened twice. However, the data varies slightly depending on the exchange. For example, Coinbase had 12 green lines between April and May 2017.

In any case, it is a fact that Bitcoin's current selling pressure has eased.

Bitfinex's Bitcoin short futures data has fallen back to the same level as before the May crash, which means that almost no traders are willing to take the risk of shorting Bitcoin now. Senior trader Scott Melker (who calls himself The Wolf Of All Streets on Twitter) also tweeted yesterday: "BTC has broken through the $42,000 resistance level for the first time since the historic drop in May. It's time to pay more attention." In addition, PlanB, the creator of the stock-to-flow ratio model (S2F), predicted in June this year that due to fundamental factors, the downturn may continue until July, but in the worst case, it will be higher than $47,000 in August, $43,000 in September, $63,000 in October, $98,000 in November, and $135,000 in December. Fed reverse repurchase exceeds $1 trillion In addition to fundamental factors, foreign media Trustnodes reported yesterday that the Fed's put-back transaction method is also one of the driving forces of Bitcoin prices. Reverse Repurchase Agreement (or Reverse
Repo) means that the bank, as the buyer of the bond, hands over the cash to the Federal Reserve (seller) and agrees with it on the contract period, interest rate and amount of the repurchase. The buyer can obtain 0.05% interest income, and the bond must be returned to the seller when it matures.

According to FRED statistics, the funds deposited in the Federal Reserve through the repurchase agreement have exceeded 1 trillion US dollars for the first time in history. This is mainly because there is too much liquid cash in the system, which is a liability for banks, so they want to put the funds into this tool with 0.05% interest and convert it into bond assets to balance.

Trustnodes pointed out that some opinions believe that the scale of reverse repurchase may continue to grow to 2 trillion US dollars.

In June this year, it was reported that the scale of the Federal Reserve's balance sheet exceeded 8 trillion US dollars for the first time, almost doubling the approximately 4.3 trillion US dollars on March 12 last year, and even less than 1 trillion US dollars before the 2008 financial crisis.

The strong printing of money has allowed a large amount of cash to flow into the market, which is also reflected in the performance of global stock markets. Over the past year, the total value of global stocks has grown by US$26 trillion, a 30% increase from the previous historical high, and the market value has exceeded US$116 trillion.