Recently, the bitcoin market has shown strong performance, with prices climbing to a 40-day high of $68,518, marking a 19.4% increase over the past 10 days, reflecting investors' confidence in its future potential. This significant growth is attributed to multiple positive factors, including optimistic expectations of interest rate cuts by the US Federal Reserve in 2024, measures taken by the German government to halt bitcoin sales, and a positive shift in the US attitude towards crypto regulation. The bitcoin futures premium also reached its highest point in five weeks, highlighting the market's cautious optimism about the current situation. Notably, President Biden's decision not to seek re-election has made former President Trump and his crypto-friendly vice-presidential candidate JD Vance the focus of upcoming elections. A series of events have further fueled market sentiment, leading traders to believe that in the near term, the price of bitcoin may again challenge the $72,000 level.