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Bitcoin breaks through the 10,000 yuan mark, the Digital Money market as a whole is warming up.
The digital money market is recovering, and Bitcoin has once again broken through the 10,000 yuan mark.
Recently, against the backdrop of increased volatility in the global financial markets, the digital money market has shown a sense of warmth. After several months of sluggishness, the price of Bitcoin has started to rise strongly again.
According to data from a certain trading platform, on January 3rd, the price of Bitcoin dropped to a low of $6875.93, after which it began an upward trend, quickly breaking through the important thresholds of $7000 and $8000. On January 27th, after breaking through $9000, the momentum accelerated. Around 11 AM on February 9th, Bitcoin finally surpassed the 10,000 yuan mark, with a cumulative increase of over 45% compared to the end of December.
It is worth noting that in this round of market trends, Bitcoin is not rising alone; its price movement has a leading effect on the overall market. Mainstream coins such as BCH, ETC, EOS, and RXP have all shown significant increases, and the major platform coins have also generally strengthened. Even some long-dormant small coins seem to have "come back to life," with some increases exceeding 10%. According to statistics, there are 10 coins in the USDT trading zone of a certain trading platform that have risen over 20%, with the highest increase reaching 66%.
The recent price increase has been generally anticipated by the market, and the underlying logic is quite clear. On one hand, the upcoming Bitcoin halving event is believed to drive prices up, a view that has gained widespread consensus within the industry. On the other hand, Bitcoin's attributes as "digital gold" and a safe-haven asset are receiving increasing recognition. Amid heightened global uncertainty and a generally sluggish market, the inflow of some safe-haven funds will undoubtedly push prices higher.
However, it should be noted that this is the fourth time Bitcoin has approached the 10,000 yuan mark. After the previous three breakthroughs, there was a significant decline. Despite the market generally being optimistic about the long-term trend due to the anticipated halving, there may be frequent fluctuations around the 10,000 US dollars mark in the short term, with large volatility.
As demand for safe-haven assets increases, digital assets such as Bitcoin are attracting more attention from mainstream financial institutions. Compared to traditional assets like stocks, futures, and bonds, Bitcoin's price trend is relatively independent, showing a good upward trend over the long term. In a low-interest-rate environment, Bitcoin benefits like gold, and when investors' expectations of depreciation for major fiat currencies increase, digital money often performs well.
However, it is also important to be vigilant about the risks brought by a booming market. Recently, some trading platforms have started to launch a new round of IEO projects, which have been warned about multiple times by regulatory authorities. Investors should remain rational, closely monitor policy trends, be wary of illegal financing and other unlawful activities, and guard against investment traps.