**🚀 Why is the price of Dogecoin, BTC, and Bitcoin Cash rising? Analyzing the influencing factors**
The price of cryptocurrencies depends on hundreds of factors – from global economic trends to tweets from famous figures. Here’s a detailed analysis for DOGE, BTC, and BCH
#BinanceAlphaAlert Bitcoin (BTC): Digital gold and its drivers**
- **Limited supply**: Only 21 million BTC. Every 4 years, **halving** (reduction of miners' rewards) decreases the emission, which often triggers a bull trend.
- **Institutional demand**: ETFs, corporations (like MicroStrategy) buy BTC as a hedge against inflation.
- **Macroeconomics**: Rising inflation, falling dollar – BTC becomes a “safe asset.”
- **Regulatory news**: Approval of legislation (for example, in the EU or the USA) can raise the price.
**Example**: In 2024, the approval of the BTC-ETF in the USA caused a growth of +45% in a month.
2. Bitcoin Cash (BCH): A fork with ambitions**
- **Technical upgrades**: Improvements in scalability (for example, increasing the block size).
- **Competition with BTC**: If fees on the BTC network rise, interest in BCH may grow.
- **Community**: Activity of developers and support from mining pools.
**Example**: In 2023, the SmartBCH update (for DeFi) raised the price of BCH by +30%.
