In recent months, I have found out that certain events scheduled in the crypto-markets have been identified as one of the key factors igniting the sudden rise in the price of the assets involved. The rise is overwhelming in altcoins, with some of the assets seeing more than 800% rise in the last two weeks.

This has been so because we are in a season that we often referred to as “the Altcoin Season”. It is a season that crypto-traders finds trading on cryptocurrencies exciting, fun-loving, rewarding, and most importantly, a lucrative and quick source of income on investing their hard-earned money used as capital.

Cryptocurrencies with solid fundamentals and road maps tend to perform more than every other one that has not been backed up by a strong team of financial managers. Coins like, the graph (GRT), 1INCH, iExecRLC (RLC), DEfi coins and many other coins too numerous to mention have reached targets that people thoughts weren’t going to be possible in a short time, and it has performed beyond expectations in this start of altcoin season.

Having developed a passion for this financial market, I have discovered that certain conditions are responsible for most of these coins performing more than their counterparts. We witnessed Bitcoin (BTC) reaching its all-time high with a price of $48,985.80 per BTC. Hence, the bone of contention behind this rampant rise of one over another may be as a result of the events or news that have circulated within the last 48 hours.

Here are the possible events that have contributed to the pump in the price of BTC over the past 48 hours

1. An Attempt By Amazon To Explore Digital Currencies:

A whale always impact anything its stumbles upon. A renowned company like Amazon on her attempt to invest in the crypto-market or receive payment via the digital currency may cause a big pump in the price of cryptocurrencies when the information is roaring down the world. I think we have listened to the news of it happening and that might have been a reason for the serious pump in prices of digital assets in our wallet.

2. MasterCard Set To Implement Crypto Payment:

For simplicity in payment to be made by Bitcoin and other cryptocurrencies holders, MasterCard has thought it wise to effect payment for purchases and receiving of incentives in crypto as one of her transaction routes. This means that there will be demand in circulation leading to the rise in price.

3. PayPal Planning To Roll Out Crypto In the United Kingdom, UK:

With the company commencing the payment and receiving of crypto in the UK market, we are going to witness some strong pumps in the price of cryptocurrencies.

4. Bank Of New York, Mellon, Adopts BTC:

We have started seeing massive adoption of BTC by top fiat institutions and this is good news for the digital assets. Things like this could be a major reason for the rise in the price of digital cash.

5. First North American BTC ETF Approved:

The Exchange Traded Funds have been cleared by the North American region to trade with the digital currency. Now that the ban has been lifted, more investors are going to come in, thereby increasing the buying volume of the asset and making way the increase in price.

In conclusion, the recent announcements and implementations by corporate companies have served as a gingering factor to the crypto season.