Here’s Why Bitcoin and Altcoin Prices are Rising
The crypto market rally continued this week, with Bitcoin price moving above $110,000 for the first time this month. Ethereum surged to $2,800, while the market capitalization jumped to over $3.45 trillion.
Some of the best-performing cryptocurrencies are Uniswap (UNI), SPX6900 (SPX), Fartcoin (FARTCOIN), Arbitrum (ARB), AAVE (AAVE), and Sky (SKY), which have jumped by double digits this year.
There are three main reasons why the crypto market rally is happening. First, there are signs that investors are buying Bitcoin and other crypto assets this year. Spot Bitcoin ETFs have accumulated over $131 billion worth of assets, while Ethereum ETFs have had inflows for four consecutive weeks.
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