Why is Bitcoin price up today? By Cointelegraph


© Reuters.

(BTC) price is up today, rebounding from the Nov. 14 correction to $34,500 and hitting an intra-day high of $37,650. The rally comes after Bitcoin price briefly touched 1-week lows on Nov. 15. The hype around a spot BTC exchange-traded fund (ETF) is bringing significant inflows to Bitcoin as liquid supply is tightening, pushing prices across the crypto market higher.

Bitcoin price. Source: TradingView

Let’s look into the reasons why Bitcoin price is up today.

Fear and Greed Index. Source: Newhedge
Crypto asset institutional investor inflow. Source: CoinShares
BTC balance on exchanges. Source: Glassnode
BTC available supply. Source: Glassnode