Why is Bitcoin value up at the moment?

(BTC) value is up at the moment, rebounding from the Nov. 14 correction to $34,500 and hitting an intra-day excessive of $37,650. The rally comes after Bitcoin value briefly touched 1-week lows on Nov. 15. The hype round a spot BTC exchange-traded fund (ETF) is bringing important inflows to Bitcoin as liquid provide is tightening, pushing costs throughout the crypto market increased.

Let’s look into the explanation why Bitcoin value is up at the moment.

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