The cryptocurrency market is witnessing positive momentum as the price of Bitcoin (BTC) $ rises and returns to new all-time highs.
Key reasons for the current surge:
Increased liquidity flows: continued inflows of funds through Bitcoin investment funds (ETFs).
Interest rate expectations: markets are awaiting decisions from the U.S. Federal Reserve regarding interest rate cuts.
Rising demand: a higher share of accumulation by large investors (whales) for the coin.