ChainCatcher news, AJBell investment analyst Dan Coatsworth stated in a report that Bitcoin has first broken through $100,000, but investors should be cautious about chasing the rally.The rise of Bitcoin "can easily lead to a rush of excitement," but this cryptocurrency has fallen and risen just as quickly in the past, which is certainly not suitable for faint-hearted investors. It is important to note that considering cryptocurrencies may lead to consumer losses, the UK's Financial Conduct Authority remains reluctant to allow mainstream market instruments for cryptocurrency investment.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the volatility in the Bitcoin market is increasing. During the price discovery phase, the order book is often thin due to a lack of consensus on support and resistance levels. This led to multiple price fluctuations during the last bull market cycle. Currently, there is almost no trading volume above $72,000 for Bitcoin, making it easy to rise and fall.

ChainCatcher news, Hong Kong Securities and Futures Commission CEO Ashley Alder pointed out at the Greenwich Economic Forum (Hong Kong) that leveraging technology effectively focuses on Distributed Ledger Technology (DLT).Alder noted that DLT is applied in the financial market for virtual assets. Bitcoin has endured multiple cycles of boom and bust over the past 15 years, proving its viability as an alternative asset. More importantly, as the underlying technology of Bitcoin, DLT will stand the test of time. The potential advantages of DLT are evident; this technology can enhance the efficiency of physical assets in distribution, clearing, settlement, and custody while reducing costs.She emphasized that while the NFT craze may have waned, the underlying technology is gradually being adopted in the world of physical assets, with physical assets increasingly being tokenized. The potential benefits include several aspects. Maintaining a technology-neutral stance, the Hong Kong Securities and Futures Commission adopts the principle of "same business, same risks, same rules." Investor protection is a top priority in their work.