Avalanche (AVAX) is currently among the best-performing cryptocurrencies in the top 100 projects by market cap. According to CoinGecko data, AVAX’s price has risen by 8.6% in the last 24 hours, 15.% in the last week, 16.2% in the 14-day charts, and 25.2% over the previous month. Let’s discuss what’s behind Avalanche’s latest price rally.
What’s Pushing Avalanche’s Price?
The massive rally comes after the Financial Times reported that Avalanche is planning to raise $1 billion for two crypto treasury companies. The money will reportedly go towards buying AVAX coins at a discounted price.
Avalanche’s (AVAX) latest price rally also comes amid cooling inflation numbers for the US. The dip in inflation figures has further boosted the chances of an interest rate cut later this month. The development may have led to a spike in investor sentiment. Rate cuts often lead to investors making more risky investments as borrowing becomes easier. Avalanche (AVAX) and the larger crypto market may experience a continued rally if the Fed cuts interest rates after its next meeting.
The general crypto market has also experienced a surge today, Sept. 11, 2025. Bitcoin (BTC) has reclaimed the $114,000 price level, and other assets are following its trajectory. Avalanche (AVAX) may continue its upswing if market conditions remain bullish.
Also Read: Bitcoin Reclaims $114,000: Is BTC Gearing Up For a New ATH?
New All-Time High Soon?
Avalanche (AVAX) is currently down by 80.2% from its all-time high of $144.96. The asset hit its peak during the 2021 bull run. AVAX has faced substantial hurdles over the last few years.
Corporate treasuries have played a key role in Bitcoin (BTC) and Ethereum (ETH) hitting new all-time highs this year. A similar pattern could emerge for Avalanche (AVAX) as well. However, BTC and ETH have seen massive ETF inflows, something that AVAX still lacks. It is difficult to say if AVAX will reclaim its peak of $144 anytime soon.
Credit: Source link
