The post Why is Bitcoin Price Going Up Today? appeared first on Coinpedia Fintech News
The cryptocurrency market is rallying today, with Bitcoin driving a broad comeback across major coins. Bitcoin has climbed back to around $92,423, gaining more than 6% in the past week and adding over $200 billion in value in just 36 hours.
This is the highest level BTC has seen in weeks, helped by nearly $400 million in short liquidations that forced bearish traders to exit their positions. Ethereum has also moved above $3,090, while Solana, BNB, Cardano, Stellar, and Chainlink are showing steady gains across the board.
Institutional ETF Money Returns After Weeks of Outflows
One of the main reasons for today’s rally is the return of institutional inflows through crypto ETFs. Last week brought $1.1 billion into digital-asset funds, which is the strongest weekly inflow in nearly two months.
This is a sharp reversal from the four weeks of withdrawals that removed almost $5 billion fr
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