2065438+On May 5, 2007, the latest data of OKCoin showed that the price of Bitcoin had just set a new record, and now it has reached a high of 9222 points.

Approaching the ten thousand yuan mark

Since breaking the 60-day moving average of the daily chart on April 26, the biggest increase has exceeded 25%. If it rises close to 90% from the low point of 4885 at the beginning of the year, the industry expects that the recent single bitcoin price breakthrough 10000 is a high probability event.

Analysis of the reasons for the rise

As for the reasons for the recent crazy rise of bitcoin prices at home and abroad, the analysis believes that the most important thing is that the price of bitcoin market dominated by Japanese yen has exceeded 10,000 yuan, which has driven the price trend of domestic bitcoin market. Yen trading currently dominates the bitcoin market, accounting for about 35% of the global market. At the beginning of this month, Japan began to recognize the payment method of Bitcoin, which led some Japanese businesses to try digital currency.

In addition, according to international news, the direct reason why the price of Japanese bitcoin trading platform Bitfinex exceeded 1 10,000 yuan in May was that the US Securities and Exchange Commission (SEC) decided to re-examine the bitcoin ETF proposed by Winklevoss Brothers. This price increase is also in the hope that this audit can be passed in one fell swoop. The bitcoin international market has begun to rekindle the hope that bitcoin ETFs will be approved by US regulators.