This increase occurs due to the inauguration of the U.S. Infrastructure Bill and currently in one of the largest banks in the U.S. already storing crypto assets is certainly very extraordinary and will have a big impact on the value of bitcoin and altcoins of course, and in the future the increase that occurs will pass the current 10% mark and is currently slightly hampered due to news of the ban on using crypto transactions in China, China. But it's not too much we care because in the last year they also made negative news but it only lasted a moment later the value of bitcoin again increased.
It is still uncertain, might it gives some impact on the price but I don't think that is only the reason for this price surge.
But all I can say is that we're glad to have this momentum despite the FUDs and news coming from China. The market stood still stronger and what we've seen this time is a sign that we're moving upward and the demand is increasing. Having this uptrend motion, we can expect that there is another ATH that comes within this year.
Yes, it's really no way to know about this why this happens, but currently we have few good things going around us and these all are helping in positive mode. We all know that crypto market is about news when there's someone saying it will go up especially if the influencer is popular then surely it's going in positive way without any reason also.
Sometimes we can say like investor's interest increase, so just because of this we have this good increase in very quickly. And few countries have good news about bitcoin, this is also good case for this.
bitcoin continues to increase in recent times as many countries have started adopting bitcoin among the countries of El Salvador and venezula. no need to wonder why bitcoin continues to increase until it reaches 10% per day. countries have realized that bitcoin is a future digital asset that is in great demand. now bitcoin has entered the highest first rank than other assets.