ChainCatcher News, recently the prices of Bitcoin and Ethereum have shown significant fluctuations, attracting market attention. Bloomberg analysis pointed out that the news of Paul Atkins possibly becoming the new chairman of the U.S. SEC may be one of the reasons for Bitcoin's rise of 6% on Wednesday, reaching a peak of $97,361. At the same time, Ethereum also surged over 10% during the day.

Wintermute OTC trader Jake Ostrovskis stated that the market is in a price discovery phase, and the recent decline could be a healthy correction, possibly influenced by profit-taking. He believes that the $100,000 price level for Bitcoin is likely to be broken.

B2C2 director Nikolay Karpenko also pointed out that the earlier decline in Bitcoin was tactical, and he expects it to break through $100,000 soon. These analyses indicate that the market holds a cautiously optimistic view on the future trends of digital currencies.