The current **bullish trend in the crypto market** is being driven by several key factors:
### 1. **Bitcoin's Strength & Institutional Inflows**
- BTC reaching $100K (even multiple times) signals strong institutional demand.
- Spot Bitcoin ETFs have unlocked major traditional capital flows into crypto.
- BTC dominance is rising — indicating capital flight to safety within crypto.
### 2. **Macro Tailwinds**
- Slowing inflation and potential rate cuts from the Fed are boosting risk-on assets.
- The dollar (DXY) showing weakness helps lift crypto and gold simultaneously.
### 3. **Halving Aftermath**
- The April 2024 Bitcoin halving is beginning to show delayed bullish effects — historically, price surges occur **months after** the halving.
### 4. **ETH ETF Approval Anticipation**
- While ETH is lagging, the approved or rumored **Spot ETH ETFs** may trigger an altcoin rotation soon.
### 5. **Narrative Shifts**
- Real-world asset tokenization (RWA), Bitcoin L2s, and Solana DeFi are gaining attention.
- Memecoins are trying to ride retail waves but are still recovering — which means **the full altseason hasn’t started yet**.
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**Summary**: The crypto market is bullish, but it's a **Bitcoin-led rally** right now. Altcoins will likely follow, but selective exposure is crucial — especially to projects with strong narratives or fundamentals.
