Bitcoin
Why Bitcoin is up 1.7% today
Analysis
Bitcoin (BTC) rose 1.7% over the past 24 hours as sentiment improved on signs of renewed institutional demand and supportive policy headlines. U.Today reported BlackRock reversing a recent bout of selling with fresh buying, which likely helped underpin spot demand.
Contributing Factors (3)
Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits
Anthropic is set to raise $20 billion in its latest funding round, double the amount it initially targeted, according to the FT.
South Dakota lawmaker takes another run at Bitcoin reserve bill
The state representative introduced similar legislation shortly after taking office in 2025, but the bill was deferred and not signed into law.
BlackRock Backtracks on Brutal Bitcoin Sell-Off With New Buyup
$15,900,000 Bitcoin registered on ETF market in 24 hours as BlackRock sets new accumulation trend.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.