The cryptocurrency market seems to be regaining some momentum. Bitcoin (BTC) has reclaimed the $105,000 price point. The global crypto market cap has risen by 1.7% in the last 24 hours to $3.76 trillion. Amid the market resurgence, many crypto assets may hit new all-time highs soon.
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Why Is The Cryptocurrency Market Up?
The latest market rally could be due to Donald Trump’s inauguration as the 47th President of the United States. Trump is a vocal champion of the crypto industry. He has said he aims to make the cryptocurrency environment in the US thrive under his leadership. Market participants may be betting on lenient regulations in the US under the Trump administration.
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CPI data in the US are also quite favorable. This development has led many to expect an early interest rate cut in 2025. A rate cut could lead to more investments in risky assets like cryptocurrencies.
Top 3 Cryptocurrencies Predicted To Hit New All-Time Highs
1. DOGE:
DOGE has experienced incredible growth over the last few months. The Department Of Government Efficiency (D.O.G.E.) has commenced work with Elon Musk at its head. The move could lead to a significant price spike for the meme cryptocurrency.
According to CoinCodex, DOGE will witness a considerable price spike by late March. The platform anticipated the asset to hit a new all-time high of $1.03 on April 21, 2025.
2. PEPE:
PEPE is another cryptocurrency that has experienced incredible growth over the last year. PEPE could follow DOGE’s path over the next few weeks.
According to CoinCodex, PEPE will continue to rally over the coming weeks. The platform predicts the coin will hit a new all-time high of $0.00007477 on Mar. 1, 2025.
3. BONK:
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BONK is another cryptocurrency expected to hit new highs over the coming weeks. CoinCodex predicts BONK to delete a zero and hit a new all-time high of $0.000113 on Feb. 19, 2025.
