Why is Bitcoin price up today? By Cointelegraph


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price is up today, rebounding from the Nov. 21 correction to $35,651 and hitting an intraday high of $37,431. The rally comes after Bitcoin price bounced 3% as traders digested Binance’s settlement with the United States Department of Justice (DOJ). The settlement has reignited hype around traders’ belief that a spot BTC exchange-traded fund (ETF) will be approved soon and that this will bring significant inflows to Bitcoin, pushing prices across the crypto market higher.

Bitcoin price. Source: TradingView

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

Exchanges’ Bitcoin reserves compared with all-time highs. Source: CryptoQuant
Fear & Greed Index. Source: Alternative.me
Crypto asset institutional investor inflow. Source: CoinShares