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Bitcoin once broke through $64000, causing a frenzy in the cryptocurrency market. Over 110000 people sold out in 24 hours and 3.2 billion yuan evaporated! How crazy has Bitcoin been lately? In the past month, the increase exceeded 40%, setting the largest monthly increase since December 2020. The last time Bitcoin was priced at $60000 occurred in November 2021, 28 months ago. According to Interface News, this is mainly related to factors such as the possibility of the Federal Reserve cutting interest rates in June, the "halving" event in April, and the approval of new spot ETFs for listing. The expectation of interest rate cuts in the United States has increased the attractiveness of high yield or highly volatile financial products to investors.
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