Xinhua News Agency: Bitcoin continues to skyrocket and speculative risk rises

According to the Xinhua News Agency, bitcoin prices continued to maintain their gains after breaking through the $10,000 mark last week, but the speculative nature of the market has increased recently and the bearish power has risen. Analysts believe that although bitcoin prices are rising rapidly, it is still a long time for Bitcoin and other cryptocurrencies to gain market trust. Investors should be alert to the speculative risks in the bitcoin market. This is because the bitcoin market is small and easy to price; on the other hand, the global bitcoin market regulation mechanism has not yet been established.