Bitcoin is on track for its longest daily gain in the last three months.

Bitcoin on the Rise

Bitcoin has gained more than 1% during the Asian trading session, moving towards a potential five-day gain streak. This situation is attracting the attention of investors.

Increase in Other Cryptocurrencies

Meanwhile, significant gains are also being seen in the broader cryptocurrency market. Major cryptocurrencies such as XRP, Solana, and Ethereum have also shown increases of up to 1%. These gains are considered an important development in terms of market dynamics.

Analysis and Market Trends

One market analyst attributed this rise to a decrease in tax-loss selling, while others pointed out that this increase is driven by safe-haven demand. The shift of investors towards cryptocurrencies is affecting the fluctuations in this sector.