{"id":24436,"date":"2023-06-21T03:08:00","date_gmt":"2023-06-21T03:08:00","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/06\/21\/why-is-bitcoin-price-up-today\/"},"modified":"2023-06-21T03:08:00","modified_gmt":"2023-06-21T03:08:00","slug":"why-is-bitcoin-price-up-today","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/06\/21\/why-is-bitcoin-price-up-today\/","title":{"rendered":"Why is Bitcoin price up today?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687314937983-ca7cd963-9389-4460-b47d-8a25b11ca091-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687314937983-ca7cd963-9389-4460-b47d-8a25b11ca091-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687314937983-ca7cd963-9389-4460-b47d-8a25b11ca091-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687314937983-ca7cd963-9389-4460-b47d-8a25b11ca091-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/06\/1687314937983-ca7cd963-9389-4460-b47d-8a25b11ca091.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<p dir=\"ltr\">Key takeaways<\/p>\n<ul>\n<li dir=\"ltr\">\n<p dir=\"ltr\">Bitcoin briefly touched the $29k stage on Wednesday after rallying by greater than 6% within the final 24 hours.<\/p>\n<\/li>\n<li dir=\"ltr\">\n<p dir=\"ltr\">The rally comes after BlackRock filed for a Bitcoin ETF and Fidelity, Schwab, and Citadel backed a crypto trade.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\">Institutional curiosity pushes Bitcoin greater<\/h2>\n<p dir=\"ltr\">Bitcoin has been performing effectively because the begin of the week and set a brand new milestone a number of hours in the past. The main cryptocurrency touched the $29k stage for the primary time since May after including greater than 6% to its worth over the past 24 hours.<\/p>\n<p dir=\"ltr\">At press time, the\u00a0<a href=\"https:\/\/coinjournal.net\/bitcoin\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>price of Bitcoin<\/u><\/a> stands at $28,834 per coin. Bitcoin reached a day by day excessive price of $29,110 a number of hours in the past earlier than retracing to presently commerce above $28,800 per coin.<\/p>\n<p dir=\"ltr\">The rally comes as institutional curiosity within the cryptocurrency market elevated in the previous few days.\u00a0<\/p>\n<p dir=\"ltr\">Earlier this week, BlackRock, the world\u2019s largest asset administration agency with almost $10 trillion in belongings underneath administration, utilized with the US Securities and Exchange Commission (SEC) to\u00a0<a href=\"https:\/\/coinjournal.net\/news\/should-exchanges-fear-a-blackrock-etf\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>launch a Bitcoin exchange-traded fund<\/u><\/a> (ETF).\u00a0<\/p>\n<p dir=\"ltr\">The SEC has rejected all of the spot Bitcoin ETF purposes filed through the years. However, market contributors are optimistic that the SEC might approve BlackRock\u2019s utility as a result of firm\u2019s standing.<\/p>\n<p dir=\"ltr\">A couple of hours in the past, EDX Markets, a crypto trade backed by Fidelity, Schwab, and Citadel, additionally\u00a0<a href=\"https:\/\/coinjournal.net\/news\/new-crypto-exchange-edx-markets-goes-live\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>went live<\/u><\/a>.\u00a0<\/p>\n<p dir=\"ltr\">The elevated curiosity within the crypto market by conventional monetary establishments fueled Bitcoin\u2019s rally over the past 24 hours.\u00a0<\/p>\n<h2 dir=\"ltr\">Bitcoin Eyes $30k<\/h2>\n<p dir=\"ltr\">Bitcoin could possibly be seeking to break previous the $30k psychological stage within the close to time period if the present market momentum is maintained. The technical indicators presently present that Bitcoin is bullish.<\/p>\n<p dir=\"ltr\">If the Bulls can keep the present market sentiments, Bitcoin might rally towards the $30k stage within the subsequent few hours.\u00a0<\/p>\n<p dir=\"ltr\">The complete cryptocurrency market cap surged previous the $1.1 trillion mark a number of hours in the past as Bitcoin and the opposite main cryptocurrencies rallied.\u00a0<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-touches-29k-for-the-first-time-since-may-why-is-bitcoin-price-up-today\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Key takeaways Bitcoin briefly touched the $29k stage on Wednesday after rallying by greater than 6% within the final 24 hours. The rally comes after BlackRock filed for a Bitcoin ETF and Fidelity, Schwab, and Citadel backed a crypto trade. Institutional curiosity pushes Bitcoin greater Bitcoin has been performing effectively because the begin of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,110,371],"class_list":["post-24436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-price","tag-today","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=24436"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24436\/revisions"}],"predecessor-version":[{"id":24437,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/24436\/revisions\/24437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/24438"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=24436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=24436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=24436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}