According to comparison data, after failing to hit the $20,000 mark in succession in the past two weeks, Bitcoin, the cryptocurrency with the highest market value, is preparing to launch a third impact.
Bitcoin’s price volatility has increased in the last two weeks, but its price has returned to above 19,000 US dollars on Thursday, and once exceeded 19,500 US dollars. If it can stand firm near this price, it may rise further.
Thursday’s price rebound is believed to be related to the current progress made in the new crown vaccine. In the past month, whenever progress is made in vaccine research and development, the crypto market will respond quickly, which also reflects investors’ optimism about the market. .
According to the BBC report, the United Kingdom has become the first country to approve Pfizer’s new crown vaccine, and mass vaccination is expected to begin as early as next week. In addition, the French government will also announce its new crown vaccine strategy on Thursday.
The economic stimulus and aid measures under discussion in the United States are also making progress recently. When more funds are injected into the economy, this will also increase the risk of legal currency devaluation and inflation. This is also good news for Bitcoin.
Another possible factor influencing the price of Bitcoin comes from supervision. US Congressman Rashida Tlaib proposed the “Stablecoin Management and Banking License Enforcement Act”, which proposes that stablecoin issuers need to obtain a bank license approved by the Federal Reserve.
Although optimism prevails in the market at present, USD 20,000 is an important psychological and technical resistance level, and it is difficult to easily break through. In the first half of this year, Bitcoin only exceeded USD 10,000 after launching more than ten attempts. Resistance level.
