The crypto money market has been experiencing great mobility in recent days. Bitcoin (BTC), with a strong acceleration, rise to the interest of investors again. However, this rise was not limited to Bitcoin. Big Altcoins such as XRP, Dogecoin (Doge) and Cardano (Ada) began to move upwards, dragging after Bitcoin. So, what factors are behind this sudden rise? As Kriptokoin.com, we share the latest developments in the market and the predictions for the future!

Rise in Bitcoin has begun! Are new summits coming?

The price of Bitcoin managed to exceed $ 80,000 by making a significant leap in the last 24 hours. This rise has created great excitement among investors, while a positive change in the general atmosphere of the market has also occurred. The increase in Bitcoin’s transaction volume strengthened the signals of the bull market.

The main reasons behind this rise are the recovery in global markets, the decrease in uncertainty in regulations and the re -introduction of corporate investors. In particular, Senator Cynthia Lummis’s law on Bitcoin increased the confidence of investors to the market.

If Bitcoin can maintain this acceleration, it is quite possible to reach $ 85,000. However, investors need to be careful because the fluctuations in the market still continue.

Altcoins are also moving: Latest situation in XRP, Dogecoin and Cardano

Bitcoin’s rise positively affected other major Altcoins on the market. XRP, Dogecoin and Cardano have gained significant gains in the last few days and attracted the attention of investors.

• XRP: 3 %in the last 24 hours to reach $ 2.18. With the increase in the interest of investors, this rise is expected to continue.
• Dogecoin: gained 2.35 %and increased to $ 0.16. Elon Musk’s interest in the crypto market and the support of the Dogecoin community may lead to further rise in the price of Dogge.
• Cardano: He rose to 0.72 dollars and increased by 0.15 %. Developments in the island’s ecosystem positively affect price movements.

In order to continue this rise, Altcoins should keep up with Bitcoin’s rise trend and market sensitivity should remain positive. If this happens, we can see a big bull run in the Altcoin market.

Factors behind the rise of Bitcoin and Altcoins

There are several main reasons for this rise in the crypto market.

• Global Economic Factors: The recovery in the crypto market is directly linked to economic developments in the world. The decrease in concerns about trade wars in recent days has provided more stability in the markets.
• Senator Cynthia Lummis’s Draft Law: There are positive developments in crypto currencies in the US. The draft law for Bitcoin contributed to the rise of prices by increasing investor confidence.
• Increased Corporate Investments: The interest of major investors to Bitcoin has revived. In particular, the purchase of Bitcoin of large funds supported the upward movement of the price.
• Technical Indicators: Bitcoin’s price movements also give positive signals in terms of technical analysis. Long -term investors think that the market has entered the rise trend.

When these factors come together, it is clear that the crypto currency market enters a new wave of ascension.

Scenarios expected in the market: Where do Bitcoin and Altcoins go?

While the rise in the crypto market rejoices investors, it is a matter of curiosity how the price movements will be shaped in the coming days. So, what scenarios are waiting for us?

• Taurus Scenario: If Bitcoin continues its rise, it may exceed $ 85,000, and then the target of $ 90,000 may come up. In this case, XRP can reach $ 2,50, Dogecoin 0.20 dollars and Cardano $ 0.80.
• Bear Scenario: If a sudden wave of sales occur in Bitcoin, the price may decrease to $ 75,000 again. In such a case, Altcoins may also occur.

One of the most important factors to determine the direction of the market is how long Bitcoin can maintain its $ 80,000 level. If this level remains a strong support point, the upward trend may continue.

Does a new rally start in Bitcoin and Altcoins?

Bitcoin’s rise again created a great mobility in the crypto market. Big Altcoins such as XRP, Dogecoin and Cardano have also received its share of this rise and continue to attract investors.

The biggest question in front of the market is whether this rise is sustainable. If Bitcoin is permanent at $ 80,000, we can see great rise in Altcoins. However, investors need to be careful and follow the market movements closely.

The coming days can be a critical turnout in the crypto market!