Cryptocurrency surges again, Bitcoin hits new highs, and the market fluctuates

Recently, the cryptocurrency market has welcomed a new wave of growth following a brief adjustment. Bitcoin's price performance has been particularly impressive, reaching a peak of $106,660, successfully breaking the previous high of $103,800 on December 5, and setting a new historical high, with the current price at $105,170, an increase of 3.69%. However, beneath the prosperity of the market lies a hidden crisis, as statistics show that over 100,000 people have been liquidated in the last 24 hours, with a liquidation amount reaching $333 million.

Ethereum has also shown resilience, with a price increase of 3.32% to $4,000, and various other cryptocurrencies such as Dogecoin and Solana have also displayed an upward trend. As of Sunday, Bitcoin has achieved seven consecutive weeks of increases, marking the longest continuous rise since 2021. Calculating from the price level of around $40,000 at the beginning of the year, Bitcoin's increase this year has exceeded 170%, and its price trend has attracted significant market attention.

This round of cryptocurrency growth is intricately linked to changes in the political situation in the United States. The incoming President Donald Trump has a friendly stance towards cryptocurrencies, leaning towards supporting a regulatory framework that is friendly to cryptocurrencies, proposing the idea of the national reserve holding Bitcoin, and planning to reverse the Biden administration's oppressive policies on the digital asset industry.

This series of statements has led investors to adopt an optimistic outlook on the regulatory environment for cryptocurrencies in the United States. Since Trump won the election last month, Bitcoin's price has surged significantly and successfully broke the $100,000 mark.

However, after Bitcoin first broke the $100,000 mark on December 5, it experienced significant fluctuations at high levels, even briefly falling below $95,000. The uncertainty in the market remains pronounced. The future direction of the cryptocurrency market still requires close attention to the comprehensive impacts of various factors.