How Are Cryptos Reacting to Bitcoin’s Rise?
The total capitalization has reached $3.5 trillion, with $152 billion added in the last 24 hours.
The biggest gains in altcoins were found in Solana, Litecoin, and XRP, which recorded double-digit increases on most exchanges.
There are two main factors that are mainly responsible for this rise. The first reason is the intention of the new US president, Donald Trump, to use Bitcoin as a strategic reserve. The rise of Bitcoin almost always brings a rise in altcoins due to the pursuit of returns by traders.
The second reason is the constant rumors about the approval of more ETFs on cryptos. In 2024, the first two approvals were made for Bitcoin and Ethereum, and in 2025 we are expected to see more surprises.
It remains to be seen what the next development in prices will be…
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