The cryptocurrency market could be entering another bullish leg. Bitcoin (BTC) has reclaimed the $97,000 price point. Most major crypto projects are in the green zone today. The global crypto market cap is inching closer to the $3 trillion mark.

Also Read: BitBoy ARRESTED! What Really Happened to the Crypto Influencer?

Cryptocurrencies Rise Amid Bullish Developments

XRP and Cryptocurrency Price Chart
Source: Watcher.Guru

There were a few bullish developments that could have pushed the crypto market. The US said it would ease tariffs. The move may have inspired some optimism among market participants. The Fed also paused interest rates. The central bank may begin to cut interest rates very soon. A rate cut could lead to a surge in risky investments, such as in cryptocurrencies.

Also Read: Shib Finance Set to Revolutionize DeFi: How It’s Changing Crypto Lending

The SEC recently announced that it will host another four crypto roundtables. These talks will focus on cryptocurrency trading, custody, tokenization, and decentralized finance (DeFi).

The SEC has also agreed to end its four-year litigation against Ripple. Cryptocurrency investors will likely view the development in a bullish light.

Top 3 Cryptocurrencies Whose Prices May Double

1. Bitcoin (BTC)

bitcoin btc cryptocurrency
Source: Watcher Guru

BTC has been among the most profitable financial assets of the last decade-and-a-half. The original cryptocurrency has hit multiple all-time highs over the last few months. Despite its bullish run, many analysts believe BTC’s price could more than double over the next few years.

2. Ripple (XRP)

XRP cryptocurrency coin logo on blue digital background
Source: BitIRA

Ripple’s XRP token is another cryptocurrency whose price could double in the coming years. The SEC recently dropped its lawsuit with the fintech company. XRP’s path seems to be clear of all hurdles to hit new highs.

3. Solana (SOL)

Solana sol
Source: Cwallet

Also Read: Ripple SEC Settlement: Fine Cut from $125 Million to $50 Million

SOL has hit multiple all-time highs over the last few months. The cryptocurrency has faced a substantial price dip in the last month. SOL could rise to a new high in the coming months. The asset’s price could double over the next few years.

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