Follow! Multiple factors are collectively influencing the Bitcoin market direction.

Market regulatory environment changes
The regulatory attitude of the United States Securities and Exchange Commission ( SEC ) towards cryptocurrencies is undergoing significant changes. With the new government taking office, the change in SEC leadership brings a shift in policy, and the previous non-fraud regulatory lawsuits against platforms like Coinbase may be withdrawn. In the future, the compliance space for companies holding crypto assets is expected to expand. Although the specific regulatory framework still needs time to be perfected, the shift in market expectations is enough to affect investor confidence, which in turn impacts Bitcoin price trends. If the actual implementation of policies falls short of expectations, the market may also face adjustments.

Geopolitical conflicts and trade frictions
Recently, the tense situation between Israel and Iran has led to a 9% increase in international oil prices, with gold prices soaring to $3400 per ounce, and global stock markets generally declining. Against this backdrop, some investors view Bitcoin as a safe-haven asset and are entering the market, pushing prices upward; however, the risk of widespread asset sell-offs under extreme panic cannot be ignored. At the same time, the United States plans to impose a 50% tariff on steel appliances starting June 23, which will affect the global trade landscape, and the uncertainty of the economic outlook will also indirectly impact the investment enthusiasm for crypto assets.

Industry Ecosystem Development Direction
The continued positioning of institutional investors such as MicroStrategy will increase market demand and support price movement. In addition, the expansion of Bitcoin payment scenarios and the popularization of cross-border transfer applications are also key indicators; the improvement of practicality will bring a broader user base, thereby driving value growth.

The performance of the US stock market and monetary policy
The performance of the US stock market and the Bitcoin market shows a relationship of mutual exclusivity—when the traditional stock market performs strongly, the attractiveness of crypto assets decreases; conversely, during periods of stock market downturns, digital assets like Bitcoin often become a safe haven for funds. Similarly, central bank interest rate policies are also key variables—under a high interest rate environment, the opportunity cost of holding non-yielding Bitcoin increases; while a rate-cutting cycle is favorable for the price performance of non-yielding assets.