Bitcoin
Why Bitcoin is up 4.3% today
Analysis
Bitcoin rose 4.3% over the past 24 hours as ETF-related headlines and improving macro sentiment helped lift risk appetite. Cointelegraph reported that Trump Media filed for two new crypto ETFs tied to Bitcoin (alongside Ether and Cronos), which likely supported expectations of broader ETF access and inflows.
Contributing Factors (3)
Trump Media files for two new crypto ETFs tied to Bitcoin, Ether, Cronos
US spot Bitcoin ETFs recorded four straight weeks of net outflows, with about $360 million withdrawn in the latest week.
Bitcoin holders are being tested as inflation fades: Pompliano
Bitcoin will become “more valuable than ever” after deflation stops covering “up the impact" on the US dollar, according to Bitcoin entrepreneur Anthony Pompliano.
Bitcoin stays defensive below $70,000 as shallow demand limits upside, analysts say
Analysts expect bitcoin to continue to range between $60,000 and $72,000 as overhead supply and institutional outflows cap rallies.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.