The Bitcoin market has once again set an astonishing record, with prices breaking through the 100,000 USD mark, leaving investors and observers in shock. Although this round of rise is exciting, it is actually the result of multiple factors working together.

First of all, the approval of the Bitcoin spot ETF by US regulators is undoubtedly an important milestone, injecting strong confidence into the market. This decision not only enhances the legitimacy of Bitcoin but also provides institutional investors with a more convenient investment channel.

Secondly, the shift in the Federal Reserve's monetary policy has also played a role in fueling the situation. As the interest rate cut cycle begins, a large amount of capital starts to seek high-yield investment options, and the cryptocurrency market, due to its high-risk and high-return characteristics, has become a popular destination for capital inflows.

In addition, political factors have also influenced market sentiment to a certain extent. Trump's performance in the election seems to be interpreted by the market as a friendly signal towards cryptocurrencies, further stimulating investment enthusiasm.

It is worth noting that although this round of rise is fierce, the market volatility is relatively mild compared to the past. This may reflect that the cryptocurrency market is gradually maturing, and investors' decisions are becoming more rational.

However, we still need to be cautious about this round of bull market. Although there may still be room for a pump in the short term, investors should remain calm and practice risk management. After all, the high volatility of the cryptocurrency market still exists, and any investment decision should be based on thorough research and individual risk tolerance.

As the market continues to develop, we may see more innovations and regulatory measures being introduced. Regardless, this bull market has undoubtedly injected new vitality and possibilities into the future development of cryptocurrencies.