#BTCBreaksATH The price of Bitcoin is influenced by various factors, including:

Supply and demand. When demand exceeds supply, the price rises, and vice versa. Demand is influenced by the interest of institutional investors, the acceptance of Bitcoin as a means of payment and as a hedging tool against inflation, as well as the overall increasing interest in cryptocurrencies.

Market sentiment. The news background and public opinion have a significant impact on the value of Bitcoin. Positive news, such as the adoption of Bitcoin by major companies or improved regulation, usually leads to price increases. Negative news, such as reports of cryptocurrency exchange hacks, tightening regulation, or criticism from prominent figures, often leads to a decline in Bitcoin.