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Due to market expectations that the Federal Reserve will adopt more lenient policies, cryptocurrency prices have rebounded since the beginning of this year.On Tuesday (April 11th), Bitcoin prices broke through a critical level and reached their highest point since the accelerated decline last summer. With bulls once again dominating the market, prices may continue to rise in the short term.Bitcoin has risen 6% in the past 24 hours to $30100. For several weeks, Bitcoin has been trading sideways at around $28000, and prices have since risen again. Since the beginning of this year, Bitcoin has risen by 80%, sparking expectations of a possible new bull market.Naeem Aslam, Chief Investment Officer of ZayeCapital Markets, said: "The current price pattern is expected to attract a lot of attention, and investors will develop a 'fear of missing opportunities' mentality. At the time of the significant rebound in Bitcoin prices, many investors have already missed opportunities. Investors may make some profit taking at the current price level, but based on the upward momentum, prices are highly likely to continue to riseGoing out of the consolidation stage, Bitcoin may further riseSince a series of company thunderstorms shook the cryptocurrency industry in June last year, Bitcoin prices have not been able to exceed $30000. Therefore, for traders, breaking this psychological level now is a bullish signal. At present, bulls firmly control the situation, and in the highly liquid and speculative Bitcoin futures market, most positions are betting on further price increases, and many short positions have been eliminated.Many Bitcoin futures positions, including short positions betting on price declines, are built with borrowed money, and if the price trend contradicts the bet, traders may be forced to close their positions. According to Coinglas data, over $150 million in short positions have been forcibly closed since Monday. In addition, as closing positions usually triggers automatic buy orders, this will add upward pressure to the already rising Bitcoin market.Most of Bitcoin's recent gains have been due to its sensitivity to macroeconomic factors and correlation with the stock market, but Bitcoin's performance far exceeds that of the Dow Jones Industrial Average and the S&P 500 Index.去年加密货币面临的一个主要阻力是美联储大幅加息，加息抑制了对比特币等风险更高的投资的需求。Due to market expectations that the Federal Reserve will adopt more lenient policies, cryptocurrency prices have rebounded since the beginning of this year.Investors are waiting for the Consumer Price Index (CPI) released on Wednesday and the Producer Price Index (PPI) released on Thursday to determine the next steps of the Federal Reserve.James Lavish, executive partner of Bitcoin Opportunity Fund, pointed out that traders speculate that CPI data may prompt the Federal Reserve to suspend interest rate hikes, thereby boosting high-risk assets such as Bitcoin. Prices exceeding $30000 also release bullish signals, and Bitcoin is likely to rise further.But the future trend of Bitcoin will not be smooth sailing. In order to ensure that Bitcoin can continue to rise for a period of time, it must maintain its current growth rate and consolidate above the next technological level. In addition, people are still paying attention to Bitcoin's performance for the rest of this week.Katie Stockton, executive partner of Fairlead Strategies, a technology research firm, said, "Bitcoin is coming out of the consolidation phase. If we can confirm breaking through the consolidation phase above $28100 this Sunday, we will shift to a short-term bullish stance and suggest preparing for a second resistance level near $35900 in the price rangeIn addition to Bitcoin, Ethereum, the second largest cryptocurrency, rose 3% to $1920, while smaller cryptocurrencies also rose, with Cardano up 5% and Polygon up 3%. Dog currency increased by 3%, while Chaigou currency increased by 2%.Encryption companies flocking to Hong KongAlthough Bitcoin is currently heavily regulated by regulatory agencies worldwide, it is surprising that one financial center is moving in the opposite direction: Hong Kong, China. During the Bitcoin speculative frenzy from 2020 to 2021, Hong Kong, like mainland China, held a skeptical attitude towards cryptocurrencies, ceding its position as the center of cryptocurrencies in East Asia to its competitor Singapore. All of this has changed since the new Hong Kong SAR government took office.In February of this year, the Hong Kong SAR government announced a new regulatory template for cryptofinance, which includes allowing individuals to invest in "large market value" tokens. This is an all-encompassing and exceptionally detailed system, and it can be said that Hong Kong aspires to become a leader in the cryptocurrency market, "said Kishore Bhindi, a Hong Kong resident lawyer for Linklaters' financial regulatory groupThe Financial Secretary of Hong Kong, Paul Chan, announced that the SAR government has allocated a budget of HKD 50 million (approximately $6.5 million) for the development of the Web3 ecosystem. The Hong Kong Monetary Authority and the Securities Regulatory Commission plan to hold a roundtable meeting on April 28th to "promote direct dialogue" and "share practical experience" with the industry.The Hong Kong Securities Regulatory Commission stated that operators of virtual asset trading platforms (including existing platforms that have meaningful and substantial business in Hong Kong before June 1, 2023) that plan to apply for licenses should start reviewing and modifying relevant systems and monitoring measures to prepare for the new system. Cryptocurrency operators quickly responded. Industry consulting firm Holland& Marie's partner Claire Wilson said, "Related companies are flocking to Hong Kong, and some larger participants have a 'fear of missing out' mentalityWilson pointed out that unlike Singapore, which relies on its vast ports and related businesses, the financial services industry is very important to Hong Kong, accounting for nearly a quarter of its GDP. This is also why Hong Kong is actively welcoming the Web3 era.In the long run, Hong Kong may be more interested in the application of encryption technology in traditional financial services, such as tokenized bonds and tokenized securities, "said Bindi from Nianlida Law FirmMetalphaTechnology Holding, a cryptocurrency broker, pointed out that allowing individual investors to trade large market tokens on exchanges licensed by the Securities and Futures Commission was a major milestone, and those who had originally planned to go to Singapore changed their minds.Singapore's experience in trying to cultivate a trustworthy encryption business is not very encouraging. Angela Ang, who previously worked for regulatory agencies in Singapore and is currently a senior policy advisor for blockchain intelligence company TRMLabs, stated that when the regulatory system was introduced in January 2020, only 11 out of 169 encryption service providers operating in Singapore have met the licensing requirements so far. The collapse of Terra/Luna, headquartered in Singapore, has reduced local enthusiasm for the industry.Ang pointed out that the proposed regulations in Hong Kong are not significantly different from those in Singapore, and some companies wishing to enter Hong Kong may not be able to obtain permits.But Ang still maintains an optimistic attitude, saying, "The most important thing is not to forget the prospects of the underlying technology, even though it is experiencing growth pains. Hong Kong used to be a wait-and-see attitude, but now may have learned from the mistakes of other countriesCombining cryptocurrency with Hong Kong's strong financial infrastructure and the huge savings held by individual investors may create a global cryptocurrency center for an exciting new field, but of course, everything may once again "turn to ashes".Article | Jack Denton, Craig MellowEditor | Guo LiqunCopyright Notice:Original articles by Barronschna are not allowed to be reprinted without permission. The English version is reported on April 11, 2023 as' BitcoinSoarsPass $30000. WhePricesCouldKeepGoeingUp. '.(The content of this article is for reference only, and investment suggestions do not represent the tendency of Barron Weekly; there are risks in the market, and investment should be cautious.)

Recently, with the price of Bitcoin exceeding $31000, the cryptocurrency market has been fully activated.According to market data, driven by the positive upgrade of Ethereum in Shanghai, Bitcoin rose to $31043 on April 14th, with Ethereum reaching a maximum of $2157.However, since then, the market has entered a significant downward trend. As of writing, the price of Bitcoin is $27475 and the price of Ethereum is $1842, and the market is still in a clear downward trend.Although the current market trend is in a downward trend,However, this round of rise still laid the foundation for cryptocurrencies to completely break free from the bear market cycle and provided optimism for subsequent market developments.At present, it is widely believed in the market that the cryptocurrency bull market has gradually started, especially with only one year left for Bitcoin's fourth halving and the traditional financial market facing a recession. Two major positive factors will drive the bull market to arrive early: 1、 According to the halving of Bitcoin and the bull market pattern, cryptocurrencies will usher in a new bull market next year.The halving cycle of Bitcoin is four years. The last halving occurred on May 12, 2020, and it is expected that the next halving may occur between March 2024 and June 2024. 2、 Traditional financial markets may face recession, providing a broader basis and logic for cryptocurrencies to rise.Federal Reserve policymakers expected a mild recession later this year at their March meeting, followed by a recovery in the next two years. This is the first time since 2020 that the Federal Reserve has publicly stated its expectation of a recession.The leading indicator index of the World Federation of Large Enterprises also shows that an economic recession is approaching.Justyna Zabinska LaMonica, senior manager of business cycle indicators, a think-tank, said that it was expected that the economic weakness would intensify and expand in the coming months, leading to a recession from the middle of 2023.With the view that the bull market has already started, market predictions for Bitcoin prices next year are also emerging one after another. According to market information, there are currently three main types of market predictions for Bitcoin prices: 1、 Bloomberg analysts predict that Bitcoin prices will reach $50000 in April next year.Bloomberg industry research analyst Jamie Douglas Coutts said that based on previous cycles,The upcoming halving of Bitcoin is currently reflected in approximately 50% of market quotes。 Coutts prediction,By April 2024, Bitcoin may reach $50000

In the past 24 hours, the net outflow of cryptocurrency market value was $10 billion, currently $1.20 trillion, a decrease of 0.96% from $1.21 trillion.The market value of Bitcoin increased by 0.43% to $563.18 billion during this period, while the market value of Ethereum decreased by 1.24% to $22.74 billion.During the reporting period, the performance of the top 10 cryptocurrencies was mixed. The largest gainers were Caldano and Bitcoin, with gains of less than 0.5% each.Others, such as dog coin, BNB, Solana, Boccado, Litecoin, and XRP, lost more than 2%, respectively.The market value of the tether (USDT) and the dollar coin (USDC) increased slightly to $81.61 billion and $30.73 billion, respectively. In contrast, the Binance US dollar fell to 6.3 billion US dollars.MusicIn the past 24 hours, the trading price of Bitcoin has increased by 0.1% to $29008, as of 07:00 Eastern Time in the United States. Its market dominance has increased from 46.6% to 47%.During the reporting period, the volatility of Bitcoin wiped out over $300 million in profits, following rumors that the US government and bankrupt password exchange company (Mt. Gox) were selling this asset. CryptoSlateInsight reports that the sharp fluctuations in Bitcoin prices are caused by poor market liquidity.

Highlights of the storyBitcoin prices have fallen from $28000, sparking the possibility of triggering a new wave of bearish sentimentIf the upcoming trend turns bearish, it is expected to form a new low, which may further mark the low point of the 2022-23 bear marketThe cryptocurrency market is attempting to recover from the losses that occurred last weekend, which depleted nearly 10% of global market value. Bitcoin prices have recently reached a low near $27300, with a significant decrease in trading volume, indicating that bulls are still in the buying zone

The pancake continued to fluctuate at midnight, reaching its highest point at the 29879 line, but did not achieve an effective breakthrough. Instead, it continued to fluctuate and move downwards, with the current currency price fluctuating around 29400

The article was edited at 10:50 am on March 28, 2022. There was a delay in the publication of the article, and the real-time strategy was the main focusBoosted by the unexpected financial results of Facebook parent company Mata, the three major US stock indices collectively closed sharply higher on Thursday

Reported by Reference News on April 26thAccording to Reuters London on April 24th, Standard Chartered Bank said on the 24th that by the end of 2024, the price of the top cryptocurrency Bitcoin may reach $100000, marking the end of the so-called "cryptowinter".Jeff Kendrick, Director of Digital Asset Research at Standard Chartered Bank, said in an investment briefing that Bitcoin may benefit from several factors, including the recent banking turmoil, the stabilization of risky assets brought about by the Federal Reserve's end to the rate hike cycle, and the increased profitability of cryptocurrency mining

Edited by: Bi LumingData shows that Bitcoin has risen by 40% this year, while Ethereum has risen by more than 30%.

Highlights of the storyAfter recent rejections, Bitcoin prices are striving to maintain above the rising level, but bears continue to predict their existence.The price needs to reach $30000 at the earliest to maintain a healthy rebound before the end of the month

Bitcoin prices have started a new rise above the resistance level of $29000. If it significantly breaks through the resistance level of $30000, BTC may rebound

Market panic led to the liquidation of $300 million worth of positions and the erasure of $1 billion of open positions within 24 hours. This is a major blow for both long and short traders, as many are forced to sell at a loss

Over the past decade, the value of Bitcoin has skyrocketed/ unsplashIf combined with reality, the pond itself, at different depths, the blackboard (bulletin board), all belong to blocks, and the management logic behind this is called chain; The fish in the pond are Bitcoin.Pinch your fingers and calculate, Bitcoin has been around for ten years