Why is Bitcoin value up in the present day?

(BTC) value is up in the present day, reaching a 2023 excessive at $31,431. The contemporary BTC value year-to-date excessive comes amid latest rising institutional curiosity in Bitcoin from firms like BlackRock (NYSE:) and Constancy Investments, each of which filed for a spot Bitcoin ETF inside the previous two weeks.

The institutional curiosity appears to have negated the damaging information of the SEC cracking down on Binance and Coinbase (NASDAQ:) and bullish merchants proceed to overpower BTC shorts.

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