The price of BTC temporarily rose by $29000 on March 30th, setting a new record this year, despite recent regulatory crackdowns on data encryption companies in the United States and related variability.

According to Cointelegraph Markets Pro, the price of Bitcoin reached $29132.82 on March 30, reaching the level before the collapse of the cryptocurrency trading center FTX in early November 2022.

Although a series of tough regulatory measures have been taken recently, such as the American Commodity Futures Trading Federation's lawsuit against Binance and CEO Zhao Changpeng on March 27th, the increase may occur.

After such a surprising trend, the rebound in the price of Bitcoin surprised commentators in many fields. Some people think it is mainly because people suspect that the lawsuit will only allow the leading login password trading center to impose a mild penalty in terms of transaction volume.

Data encryption anxiety and greed indicators-dedicated to digitally expressing people's "feelings and mindset" about Bitcoin and other large and medium-sized cryptocurrencies-have been growing over the past month. despite the unrest of commercial banks around the world.

Some traders make up lies that the recent price rebound may be due to the repurchase of many traders, which has more to do with their buying strategies than with stock fundamentals.