#BTCHashratePeak
The increase in Bitcoin's price in the past two days is due to several factors. Among them is the appointment of Paul Atkins as the chairman of the U.S. Securities and Exchange Commission (SEC), who is considered a supporter of cryptocurrencies. This appointment has sparked widespread optimism in the cryptocurrency sector.
Additionally, the rising demand for Bitcoin from exchange-traded funds (ETFs) has contributed to this increase. For example, BlackRock's iShares Bitcoin Trust ETF (IBIT) has surpassed the $50 billion mark in assets under management.
Furthermore, statements from Russian President Vladimir Putin supporting Bitcoin and digital assets are contributing factors to the increase.
It is worth noting that there are concerns about the potential for a price correction, which could lead to a decline. However, analysts point out that the increasing demand for Bitcoin and media interest may drive further demand for Bitcoin in the coming weeks.
$BTC