The Bitcoin market has been exceptionally lively recently! Influenced by rumors that Paul Atkins may become the new chairman of the U.S. SEC, Bitcoin soared 6% on Wednesday, reaching as high as $97,361, while Ethereum also showed strength, surging over 10% during the day. 📈

Wintermute OTC trader Jake Ostrovskis stated that the market is currently in a price discovery phase, and the recent decline may be a healthy correction or driven by profit-taking. He believes that the $100,000 threshold is likely to be broken. 🔍

Meanwhile, B2C2 director Nikolay Karpenko also pointed out that the earlier drop in Bitcoin was tactical, and breaking through $100,000 may be just around the corner. 🚀

The market is ever-changing, and investors need to remain calm and make cautious decisions.