The cryptocurrency market is in the green zone today after Bitcoin (BTC) briefly hit $104,000. The global crypto market cap has risen 4.8% in the last 24 hours to $3.39 trillion. BTC is currently down by just 4.6% from its all-time high of $108,786. If the market rally continues, BTC could be on its way to a new peak very soon.

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Cryptocurrencies Rally Amid New Regulatory Approval For Banks

The latest market rally comes after the US Regulatory Authority approved regulated banks to buy, sell, and offer custody services for cryptocurrencies. The move may have led to a boost in investor confidence. The approval could lead to more crypto adoption among the masses.

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The rally also comes after the Arizona governor signed a digital asset reserve fund bill into law. The move marks another bullish development for the cryptocurrency sector. It also highlights the growing demand for the budding asset class.

Top 3 Cryptocurrencies You Could Buy Before Bitcoin Hits A New All-Time High

1. Ripple (XRP)

Ripple’s XRP token had quite a bullish start to the year. The cryptocurrency breached the $3 mark in January for the first time in seven years. XRP could rise to a new all-time high if BTC hits a new peak.

2. Solana (SOL)

SOL has moved in tandem with BTC over the last few months. SOL and BTC hit new all-time highs one day apart from each other in January of this year. The original cryptocurrency hitting a new peak could propel SOL to new heights.

3. Binance Coin (BNB)

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BNB is another cryptocurrency that could rally if Bitcoin (BTC) hits a new peak. The asset hit an all-time high in December of last year. BNB may enter another bullish leg if BTC continues its upward momentum.