Bitcoin Breaks $4,500 Barrier: A Sign of Market System’s Disintegration?

In recent weeks, Bitcoin saw a surge that broke through the $4,500 mark, exceeding its previous high since March. This jump, along with an increase in market volatility and a decline in risk-on sentiment, signifies a shift from traditional market patterns. Analysts point to expanding DeFi applications, growing institutional investments, and increasing investor anxieties as key drivers behind this surge.