Recent news on the crypto market indicates a moderate recovery for Bitcoin and altcoins. Forecasts and changes in economic policy are instilling positive sentiment among traders.
Reasons for the Growth of Bitcoin and Altcoins
Bitcoin price led the altcoin market in a mild recovery, increasing by 2% over the last 24 hours and reclaiming a crucial support level above $116k. The increase was fueled by the announcement that U.S. President Donald Trump will sign an executive order allowing alternative assets, including cryptocurrency, in 401(k) retirement accounts, which could attract additional capital to the market.
Has the 2025 Altseason Started?
Bitcoin is expected to continue rising, making altcoins more attractive to investors. Similar to the 2017 bull market, a rally in 2025 is also anticipated. Data shows that Bitcoin rose by 65% in August 2017, while Ethereum surged by 92%. With the active interest of institutional investors, altcoins may experience significant growth.
Expectations for the Coming Weeks
Rapid price recovery and positive fundamental factors create a bullish sentiment in the market. Analysts expect the U.S. Federal Reserve may lower interest rates, further supporting crypto market growth. Meanwhile, traders note that this trend could attract new investors to the market.
The moderate growth of Bitcoin and altcoins sets a positive tone in the market. Expectations for future economic policy changes and investor demand indicate potential continued growth.
