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As the world's largest and most well-known cryptocurrency, Bitcoin has seen continuous gains in recent days. According to data from a crypto data platform, the price of Bitcoin surged to $X/coin on [specific date], and as of the time of writing, its intraday increase has approached %. Currently, Bitcoin's price of nearly $X0,000 is more than double the year's low of $X0,000/coin it touched on [specific date].

On [date], Wall Street investment bank ..& stated in a report that Trump, during his campaign, advocated for loosening regulations on cryptocurrencies, which, driven by this optimistic sentiment, led to Bitcoin breaking its historical high. "The strong positive sentiment is likely to persist for the remainder of the year, and we believe that the price of Bitcoin could reach six figures by the end of this year."

With Bitcoin's price approaching $10,000 today, more and more institutions are optimistic about Bitcoin reaching $10,000 by the end of the year. In a research report released by Citibank, Citi analysts stated that the market currently expects clearer regulatory policies in the cryptocurrency field, and market sentiment is leaning towards optimism. In fact, since the advent of cryptocurrencies, the prices of mainstream cryptocurrencies such as Bitcoin and Ethereum have experienced several sharp fluctuations. Based on this, the issue of cryptocurrency regulation has always been a concern for the market. Citi analysts believe that stricter scrutiny from regulatory bodies in the cryptocurrency field will to some extent alleviate market concerns.

Standard Chartered also stated in its report that the price of this cryptocurrency (Bitcoin) is expected to continue rising, and under the Federal Reserve's rate cut cycle, investors are likely to favor high-risk assets even more. As early as when the Federal Reserve announced its first rate cut for the year in a certain month, Bitcoin surged, breaking above the $10,000 per coin mark.

The market's optimistic sentiment also boosted other cryptocurrencies. Reporters noted that Ethereum, Ripple, Dogecoin, and Shiba Inu all saw varying degrees of increase. Among them, Ethereum performed well in this round of gains. According to the data, last week, Ethereum's increase was also close to %, breaking through the dollar.

Investment requires caution! This article is not intended as investment advice.

Text/Zhang Bo

Editor/Sun Nan

Review/Time

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