1. Liquidity & New Money Entering

When new money flows in, prices rise because demand > supply.

Sources of new liquidity:

Retail investors (FOMO)

Institutional investors

ETFs & funds

Exchanges/custodians offering new products

2. Positive News & Narratives

Narratives drive hype cycles. Example:

“Bitcoin ETF approval”

“AI + Crypto narrative”

“Halving” narrative

“Blockchain adoption”

Narratives cause FOMO → buying → price pumps.

3. Halving & Supply Reductions

Bitcoin’s halving reduces miner rewards.

Lower supply + same or higher demand = price increases.

4. Lower Interest Rates / Easier Money

When central banks lower rates:

borrowing becomes cheap

risk assets pump (stocks + crypto)

Crypto behaves like a risk-on asset.

5. Institutional Adoption

More institutions = more credibility & capital.

Examples:

BlackRock ETF

Fidelity spot products

Banks offering custody

This brings huge pools of capital.

6. Exchange Listings

When a big exchange lists a coin, new demand arrives.

Example: Coinbase/Binance listings often cause pumps.