The current rise in cryptocurrency prices is not happening in isolation. It is the result of several well-connected events:
The U.S. central bank is keeping interest rates stable, making crypto more attractive.
Global trade deals have boosted investor confidence, leading to more money flowing into risky assets like crypto.
Government and financial institutions are showing support for blockchain technology, which increases trust in the space.
Bitcoin and Ethereum are performing strongly, creating a ripple effect across the entire crypto market.
Altcoins are rising, signaling wider interest beyond the top two coins.
Market sentiment is becoming more positive, which is shown by fear and greed indicators.
Trading activity is high, suggesting real interest and movement in the market.