Bitcoin has risen back, what happened?

The cryptocurrency circle has been really exciting recently, and Bitcoin has shown great willfulness. Let's review what has happened to Bitcoin recently?

1. The German government sold 50,000 bitcoins, causing the price of the currency to plummet;

2. At the same time, Mentougou liquidated 140,000 bitcoins, and Bitcoin fell to around $53,000;

3. Trump was then assassinated, and the probability of winning the presidency increased greatly, and Bitcoin instantly recovered its lost ground;

4. Ethereum spot ETF passed, but Ethereum did not rise as expected at this time;

5. Grayscale's Ethereum Fund began to dump the market, and Ethereum was under pressure

6. The U.S. employment report released on Friday had terrible data, and the market was worried about a recession, and Bitcoin plummeted.

7. The Bank of Japan announced a 15 basis point interest rate hike. Because there were many arbitrage transactions, borrowing yen from Japan, exchanging it for dollars to arbitrage in the United States, and adding a lot of leverage, Japanese stocks collapsed instantly, and Bitcoin plummeted, falling below $50,000

8. The Bank of Japan admitted its mistake and stopped raising interest rates, and Bitcoin began to rise.

9. The United States released the unemployment benefit application data for the latest week last night: the number of initial unemployment claims was 233,000, a decrease of 17,000 from the previous week, and also lower than the market estimate of 240,000. Strong employment and a larger-than-expected decline have eased investors' concerns about the US economic recession. Bitcoin broke through $62,000.

In this process, Bitcoin showed strong willfulness.