$BTC Behind this, I think there are several key reasons. First of all, it must be acknowledged that the influence of Bitcoin is indeed significant. You see, Wall Street giants like BlackRock and Fidelity have all entered the market, launching Bitcoin ETFs, which directly promotes the popularity of Bitcoin. Moreover, the scarcity of Bitcoin is also evident, with a total supply of 21 million coins, and once mined, they are gone. This scarcity, combined with the continuously increasing market demand, has led to a rise in its value.