To share! Have you ever taken a bare copy of Bitcoin $ 50,000?

In August, the price of Bitcoin saw a sharp rise. On August 23, the value of Bitcoin fell back to $ 50,000. so. Why Bitcoin Rebounding? Is the wave of activity continuing? Today the editor will discuss this topic.

You may have noticed that this uptrend in Bitcoin is inextricably linked with the interest of foreign institutions. So next time, Xiaohuan will give you some olives.

In August, US Alipay PayPal launched a cryptocurrency service in the UK.

US Wholesale Mortgage (UWM) has announced that Bitcoin will support home equity.

Coinbase, the leading cryptocurrency maker, has announced that it will buy more than $ 500 million in cryptocurrency.

Long-term Bitcoin bull trader MicroStratege has invested $ 177 million to buy 3,907 Bitcoins.

While recent good news from outside parties has been a major driver of Bitcoin's rise to prominence, there are many flags pointing to the resurgence of Bitcoin in the current situation.

On August 24, the Fed's purchases returned to a record high of $ 1.136 trillion. As the water flow of the entire pool continued, the influx into the crypto market decreased accordingly.

Federal Open Market Committee (FOMC) minutes indicate that the board has started to have more discussions about monetary policy changes. On trade and inflation, the Fed is expected to announce its monetary policy and the results of the interest rate meeting in November of this year, and announced the publication of a monetary policy settlement in December of this year. This year.

According to historical experience, the US Federal Reserve (Fed) must announce its decision to repeal monetary policy at least once before the start of the financial recovery policy. Concretely, with the Fed still having three interest rate meetings in September, November and December of this year, the Fed will provide markets with content and indicators. to the economy. . , announced the start of the rollback in fiscal policy at the interest rate meeting in November and announced the repayment policy at the December meeting.

If the US Federal Reserve opens monetary policy at its December meeting, it will strengthen the currency and make it more viable. Stress adds to the timing of the Fed's rate hike, which could push the value of the dollar down. Bitcoin. the price.

The data also shows that the OTC rate of the USDT has been lower than the US dollar exchange rate since August. USDT risk aversion continues to indicate that many USDT sellers, market losses and investor sentiment are unsatisfactory.

Another red flag behind bitcoin's value of $ 50,000 for home-based cryptocurrency traders is that home-based financial regulators are now using tighter controls in the bitcoin market. A central bank meeting in the second half of 2021 indicated that it would strictly clamp down on illegal cryptocurrency activity and manage the risk of speculation in cryptocurrencies. It can be seen that the upcoming mining ban in Yunnan and the impact on the media ban could further strengthen our country's crackdown on cryptocurrencies in three stages: mining, trade and media.

Importantly, despite the blessings of the outer temples, Bitcoin is back at $ 50,000. However, this further tightened monetary policy and raised interest rates, as the Fed may decide to start work on repayment at the end of the year. The Bitcoin market still has some issues with reality.