$ETH 1. US Regulatory Relaxation

The department that regulates cryptocurrency in the US is called the SEC. In the past, they always troubled crypto companies, such as suing Coinbase for allegedly selling 'unregistered securities' (which refers to cryptocurrencies). Now that Trump is in office, the SEC has changed leadership, and the tide has turned! Those lawsuits that weren't considered scams are likely to be withdrawn, and Coinbase's lawsuit is almost settled. Moreover, companies may be allowed to boldly hold crypto assets in the future. Although new regulations won't come out immediately, as long as people feel that regulation will ease in the future, they will be willing to buy Bitcoin, and the price will naturally rise; if policy advancement is not smooth, the price will be uncertain.

2. Wars and Tariffs Causing Trouble

Recently, Israel has been fighting Iran, causing oil prices to rise by 9%, and gold prices have skyrocketed to $3,400 per ounce, leading to declines in global stock markets. At this time, some believe Bitcoin can serve as a hedge, prompting them to buy quickly and drive the price up; however, if panic sets in and everyone frantically sells assets to flee, Bitcoin will also fall. Additionally, the US plans to impose a 50% tariff on steel appliances starting June 23, which will affect global trade. If the economy worsens, fewer people will invest in Bitcoin, and the price will be impacted.

3. Industry Movements Must Not Be Overlooked

If major players like MicroStrategy continue to buy Bitcoin, market demand will increase, and the price will undoubtedly rise. Furthermore, if more and more stores accept Bitcoin for payments, or if international transfers can use Bitcoin, it will become more practical, leading to more buyers and naturally driving up the price.

4. US Stock Market Fluctuations Are Also Key

If the US stock market is doing well, everyone will rush to buy stocks, and Bitcoin will lose demand, causing the price to drop; if the stock market falters, Bitcoin will become a 'backup', attracting funds and driving the price up. Additionally, if bank interest rates rise, putting money in the bank becomes more beneficial, making holding Bitcoin less attractive, leading people to sell; if interest rates fall, Bitcoin's appeal will increase again.