Volatility in the crypto market seems to have peaked once again in recent moments. As the daily close approaches, the bulls have taken action, allowing the leading cryptocurrency Bitcoin to refresh its peak at (BTC). In addition to BTC, increases have also been observed in altcoins.

Bitcoin (BTC) has risen to levels of up to 117,500 dollars in the Binance futures market with the recent increases.
In the Binance spot market, Bitcoin, which reached 106,868 dollars, is making sharp movements at the time this news is being written. As of now, all eyes are on 120,000 dollars for Bitcoin.

The main factor behind the rise in Bitcoin, (BTC), is interpreted as the fact that officials from the U.S. Federal Reserve, (FED), have begun to announce interest rate cuts. The steps to end the FED's tight monetary policy facilitate the inflow of funds into risky assets.

As the upward trends in Bitcoin continue in the progressing process, sudden drops in BTC dominance may ignite the much-anticipated altcoin season.

Our readers should not forget that there may be volatile movements in Bitcoin (BTC) and altcoins in the coming hours.