What is the reason for the surge in BTC? ?
Trump's chances of winning the election have increased significantly: As Trump's chances of winning the 2024 US presidential election have increased significantly, market sentiment has continued to improve. Investors are optimistic about the policies that Trump may introduce, especially his enthusiastic embrace of the cryptocurrency industry, which has made Bitcoin one of the "Trump trades". Therefore, a large amount of funds have poured into the Bitcoin market, driving the continued rise in BTC prices. Bitcoin ETFs continue to flow in: Recently, the scale of Bitcoin ETFs has also increased rapidly. A large amount of funds have flowed into spot Bitcoin ETFs, further driving the rise in BTC prices. This tacit relationship between funds and coin prices means that as long as funds flow, the coin price will rise.
2. The reason why altcoins have fallen instead of rising is that the market value and circulation are relatively small: Compared with Bitcoin, the market value and circulation of altcoins are relatively small, which makes altcoins have limited influence in the market and difficult to attract large investments. Therefore, even if the price of Bitcoin rises, altcoins will find it difficult to gain favor in the capital market. Market investors do not have high trust: The value and increase of altcoins are easily affected by market liquidity and Bitcoin volatility, and are highly risky and uncertain. In addition, the lack of transparency of the issuers of altcoins, code defects, speculation and other issues also affect the market's trust in them. Insufficient industry standardization and market recognition: altcoins lack industry supervision, and there are malicious attacks and team problems, which have affected the market investors' recognition of altcoins.
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