Bitcoin surged on Wednesday, with the cryptocurrency rebounding amid another statement from Trump?

① Bitcoin and other cryptocurrencies surged rapidly on Wednesday evening, with the price of Bitcoin rising over 6% intraday, briefly surpassing $74,000; ② One reason for the improvement in market sentiment is that investors appear to have reduced their concerns about the U.S.-Israel-Iran conflict, combined with Trump's public endorsement of cryptocurrency legislation in the United States; ③ Analysts believe that the Bitcoin market may be poised for a reversal, with the worst period now behind it.

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Daily Crypto Market Moves | Cryptocurrencies surged during U.S. trading hours, with BTC briefly reaching $74,000; the U.S. SEC and CFTC advanced regulatory plans targeting the crypto industry and prediction markets; the crypto political action committee F

News on March 5th reported that the cryptocurrency market experienced volatile upward movement, with Bitcoin surpassing $72,000. As of press time, $Bitcoin(BTC.CC)$ fell by 0.36%, trading at $72,405.27; $Ethereum(ETH.CC)$ declined by 0.32%, quoted at $2,120.49.

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Express News | Major regulatory bodies on Wall Street are advancing plans to regulate cryptocurrencies and prediction markets.

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Express News | Analyst: Institutional spot demand is the main support for Bitcoin's current rise.

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