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

Bitcoin on the Rise

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

Increase in Other Cryptocurrencies

Meanwhile, significant gains are also being observed in the broader cryptocurrency market. Major cryptocurrencies like XRP, Solana, and Ethereum have risen by up to 1%. These increases are being regarded as an important development in terms of market dynamics.

Analysis and Market Trends

One market analyst attributes this rise to a decrease in tax-loss selling, while others indicate that this increase stems from safe-haven demand. The shift of investors towards cryptocurrencies is impacting the fluctuations in this sector.