The financial market has once again witnessed the rise of Bitcoin (BTC), and a new bull run has already begun. In April 2024, the Bitcoin network experienced its fourth "Halving" event, a mechanism that reduces the issuance of new coins by half, fundamentally altering the supply and demand dynamics of the market and becoming the core factor driving the price pump.

The changes in the global economic environment have also created favorable conditions for the rise of Bitcoin. In the face of an uncertain economic outlook, investors increasingly see Bitcoin as a tool for hedging risks. At the same time, the positive shift in the regulatory attitude in the U.S., especially with the launch of spot ETFs, has cleared obstacles for institutional investors to participate in the Bitcoin market, further driving the price surge.

Currently, the price of Bitcoin has surpassed the $120,000 mark and maintains a strong upward momentum. Market analysts are optimistic about its future performance, with predictions suggesting that the price could reach $135,000 by the end of the year, and in the most optimistic scenario, it could climb close to $200,000.

In the context of significant changes facing the global financial system, Bitcoin, as an emerging digital asset, is receiving increasing attention for its value and potential. This bull run may signify a fundamental shift in the status of digital currencies within the global financial landscape, and this could just be the beginning. With more investors and institutions getting involved, the future development of Bitcoin is eagerly anticipated.