CoinVoice has recently learned from Jinshi Data (Economic Daily) that the price of Bitcoin has been continuously rising, once reaching $99,000 per coin, setting a new historical record. Yu Jianing, co-chairman of the Blockchain Committee of the China Communications Industry Association and honorary chairman of the Hong Kong Blockchain Association, stated that in the short term, Bitcoin may seek new support or resistance levels amid fluctuations, while in the medium to long term, its price trend will depend on multiple factors such as global liquidity, economic outlook, and regulatory attitudes.
Yu Jianing analyzed that due to the relatively dispersed funding of crypto assets, the market is easily manipulated by large funds, leading to behaviors such as 'crashing the market' or 'pumping the market', which in turn triggers irrational actions from retail investors.
Overall, with the increasing heat of Bitcoin and the cryptocurrency market, new risks and uncertainties are also rising. Investors should respond to the current market with a rational and prudent attitude, closely monitor regulatory dynamics and market changes, and avoid blindly following trends. Senior researcher Zhao Wei from the digital asset trading platform OKX reminds. [Original link]
