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Recently, the price of Bitcoin has once again突破ed the 110,000 mark, yet the market reaction is surprisingly calm. In stark contrast to the last bull run, this price rise seems to lack the passion and excitement of previous times.
In the last bull run, the price of Bitcoin almost soared all the way, rapidly climbing from $20,000 to $70,000, attracting widespread attention and investment frenzy. Not only that, but other cryptocurrencies such as Ethereum also saw significant rises, making the entire market look prosperous.
However, the current round of price rise seems particularly difficult. The market appears to have lost its past vitality, and investor enthusiasm has noticeably waned. It is also worth noting that other cryptocurrencies, apart from Bitcoin, have performed mediocrely and failed to follow Bitcoin's rising trend.
This contrast may reflect some deeper changes in the current cryptocurrency market. Investors seem to have become more cautious, no longer easily influenced by short-term price fluctuations. At the same time, the market's attention to Bitcoin appears to be higher than that of other crypto assets, which may suggest that investors are reevaluating the value and potential of various cryptocurrencies.
Despite the relatively subdued market sentiment, the continuous rise in Bitcoin prices is still worth paying attention to. This may indicate that the cryptocurrency market is entering a more mature and rational phase, where investors no longer blindly chase after price rises and falls, but instead focus more on long-term value and fundamental analysis.
As the market continues to evolve, we may see more interesting developments. Regardless, it is always wise to remain calm and rational in the cryptocurrency market.