Why did Bitcoin and altcoins rise in price, and will the growth continue? Expert opinions

Amid growing risk appetite in the cryptocurrency market, Bitcoin approached the $70,000 mark.

Breaking a three-day losing streak, the leading cryptocurrency gained 8.5% in a single day, reaching approximately $69,500. This marked the strongest intraday jump since February 6. The last time Bitcoin tested the $70,000 level was on February 16.

Ethereum, the second-largest asset on the market, also posted strong gains, rising about 12% to around $2,085. Among altcoins, Solana climbed roughly 13%, while XRP gained 7%.

Caroline Mauron, co-founder of Orbit Markets, said the rally may have been driven by dip buying following a prolonged sell-off, adding that Bitcoin moving above $70,000 could shift overall market dynamics.

Global backdrop: focus on Nvidia and risk sentiment

Globally, attention has been focused on the tech giant NVIDIA Corporation. Ahead of its earnings report — viewed as a key barometer, especially for AI-related stocks — risky assets saw a limited rebound.

A brief market uptick also followed U.S. President Donald Trump addressing Congress with the State of the Union message. Notably, however, Trump did not mention digital assets in his speech.

Expert views: caution remains

Daniel Reiss-Faria, CEO of ZeroStack, noted that while U.S. demand remains weak, investors are rotating into altcoins, and Bitcoin is increasingly trading as part of a broader market system. He emphasized that volatility tends to rise during periods of low liquidity and that projects generating real revenue are more resilient than assets driven purely by momentum.

However, the market remains cautious. Bitcoin has fallen nearly 50% since reaching its all-time high of around $127,000 in early October.

Jake Ostrovskis, Head of OTC Trading at Wintermute, warned that recent rallies should not be taken too seriously unless the price sustainably breaks above $75,000.

According to data from blockchain analytics provider Glassnode, about 9 million bitcoins in circulation (45% of total supply) are currently trading below investors’ cost basis. This situation limits upward momentum, as investors facing losses may be inclined to sell into price increases.

Historical comparison

Chief market analyst at FxPro, Alex Kuptsikevich, compared the current situation to 2022, highlighting a sharp drop followed by months of sideways movement and eventual recovery. According to him, reaching new highs in a similar scenario could take considerable time.

Will the growth continue?

Experts generally agree that:

• Short-term growth may continue if Bitcoin firmly breaks and holds above key resistance levels (around $70,000–$75,000).
• Market sentiment remains fragile, with many investors still underwater.
• Broader macroeconomic conditions and stock market dynamics, particularly in the tech sector, will continue to influence crypto prices.
• Sustained growth will likely require stronger liquidity and renewed institutional demand.

In short, while the recent surge reflects improving risk appetite and technical momentum, analysts urge caution: a confirmed breakout and improving fundamentals are needed to signal the start of a sustained bull trend.