#BTC再创新高，后续行情走势如何？

On December 16, 2024, the Bitcoin market presents the following characteristics:
Price trend
Bitcoin price broke through $105,000 per coin, with an intraday increase reaching 3.53% at one point, reaching $106,300, continuing to set new historical highs.

Reasons for the rise

• Policy factors: US President-elect Trump and several cabinet members nominated by him have expressed support for Bitcoin, which is seen as a significant positive factor in the market and enhances investor confidence.

• Inflow of funds: A large amount of funds flowed into the Bitcoin ETF, such as the first week of December 2024, when BlackRock's Bitcoin ETF's assets under management exceeded $50 billion, driving up the price of Bitcoin.

• Market sentiment and speculative factors: The market has positive expectations for Bitcoin, investors follow the trend to buy, and its high volatility attracts a large number of speculators, exacerbating the price increase.

• Blockchain technology development: The blockchain technology behind Bitcoin is gradually being implemented in various fields, and people have higher expectations for its future potential, which has driven the market performance of Bitcoin.

Potential risks

• Regulatory Risks: There are significant differences and uncertainties in regulatory policies globally. Once major economies implement strict regulatory measures, it may trigger market panic selling and lead to a substantial price decline.

• Market Risk: The Bitcoin market lacks effective regulatory mechanisms and value support. Prices are easily influenced by factors such as policy changes, market sentiment, hacker attacks, etc., leading to high volatility and increased investor risk.

• Technical Risks: The underlying blockchain technology has issues such as long transaction confirmation times, high energy consumption, and network security. With the development of new technologies like quantum computing, encryption algorithms may be compromised, posing a threat to its security and value foundation.

• Competitive Risk: Over time, more and more cryptocurrencies emerge, leading to intense market competition. Some emerging cryptocurrencies may pose a threat to Bitcoin's market share in terms of technology, application scenarios, and transaction efficiency.