It can be said that volatility is a characteristic of crypto coins. Ever since Bitcoin dropped largely after its all-time high, a lot of analysts have speculated that it will rise again to a stable point. However, Bitcoin is not the only crypto coin that experienced a value surge. Bitcoin Cash also increased by 25%, and it is currently trading at $1150.
Bitcoin’s recent all-time high of $65,000, followed by its drop below $60,000, can be linked to a variety of factors. There are a lot of speculations that it may rise again in a couple of weeks to a new all-time high surpassing the recent high of $65,000.

Altcoins, such as Ripple, Cardano, Polkadot, and Litecoin, have also experienced a price surge. Litecoin is reported to have experienced a 6% increase to $323. Though Bitcoin and Bitcoin Cash witnessed the highest price increase, other altcoins have also contributed to increasing market capitalization.

Several things have affected the market after Bitcoin’s recent all-time high. The recent Turkey ban on the use of cryptocurrencies as a means of payment has met a lot of mixed reactions. However, it contributed to the rise of Bitcoin’s price in the market.

The usual expectation that the ban will negatively affect Bitcoin’s price was wrong as the ban only pushed Bitcoin’s price to a higher point. Though the ban is considered the major reason for the rise in its price, a lot of other factors played out.

Bitcoin Cash has had its own unique struggle in the market. Its investors were losing hope in the coin as it experienced a couple of lows. However, Bitcoin Cash has surged again. Bitcoin Cash is the second-best performer coin of the crypto market.

The recent increase has moved its rank to the list of top ten crypto coins. This will go a long way in restoring hope in the minds of its investors.

The recent changes in price values of major crypto coins reinstated the notion that crypto coins are here to stay. Although, resistance to public usage is still quite high. The ability of the market to rise after a low is a green light and a positive indicator of greater improvement in the market.