Bitcoin
Why Bitcoin is up 1.9% today
Analysis
Bitcoin rose 1.9% over the past 24 hours as traders reacted to macro and institutional-flow headlines. CryptoPotato noted lower-than-expected US inflation and reported Binance buying $1B in BTC, which likely supported sentiment despite broader market noise.
Contributing Factors (3)
Shiba Inu Open Interest Surges Against Bitcoin and XRP
Shiba Inu moves against broad futures market trend that saw Bitcoin, XRP and other leading cryptocurrencies record notable declines in open interest.
$257 Million in Bitcoin and Ethereum Sold by BlackRock
BlackRock has sent another $257 million in BTC and ETH to Coinbase amid market rebound.
Binance Buys $1B in Bitcoin, US Inflation Lower-Than-Expected, but BTC Price Still Suffers: Weekly Crypto Recap
Bitcoin traded mostly sideways in the past week, but every breakout attempt was halted in its tracks.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.