Bitcoin on track for longest daily gain in three months.

Bitcoin on the Rise

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

Increase in Other Cryptocurrencies

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

Analysis and Market Trends

One market analyst attributes this rise to a decrease in tax-loss harvesting, while others suggest that the increase stems from safe-haven demand. Investors' shift towards cryptocurrencies is affecting the volatility in this area.