Bitcoin hit a two-year high on February 27th, 2024.

This surge is its biggest two-day rally of the year so far.

The rise is attributed to signs of large investors buying the cryptocurrency.

MicroStrategy, a software firm, recently purchased 3,000 bitcoins, boosting market confidence.

Bitcoin ETFs approved in the US are another factor contributing to the positive sentiment.

 The price increase comes before the bitcoin halving event in April, which will limit the supply of new bitcoins.

Social media platform Reddit also invested a portion of its cash reserves in bitcoin and other cryptocurrencies.

 Ether, the second-largest cryptocurrency, is experiencing even faster growth, up 41% this month.

Anticipation of a spot ether ETF approval is further driving up its price.

Shares of major crypto companies like Coinbase, Marathon Digital, and Riot Platforms also rose significantly.