Why is Bitcoin worth up at present?

(BTC) worth is up at present, rising to an intra-day excessive of $37,972 earlier than retracing beneath $37,000. The rally to a new year-to-date excessive comes as hype round a spot BTC exchange-traded fund (ETF) resulted in a wave of brief liquidations, pushing costs throughout the crypto market increased.

Let’s look into the explanation why Bitcoin worth is up at present.

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