$BTC
Today, the price of Bitcoin BTC rose for several reasons. One of the most prominent is the rising expectations about the adoption of Bitcoin exchange-traded funds (ETFs) in the United States. These investment funds are a major step in making Bitcoin more popular among institutional investors, such as BlackRock and Fidelity, which have already begun submitting applications to launch direct Bitcoin ETFs. This has helped raise confidence in the cryptocurrency market and increased demand for it, which has contributed to a significant rise in the price. Another influential factor is the large liquidation of short positions, which led to huge losses among traders who were betting on a decline in the price. This liquidation has doubled the rise in Bitcoin and increased the positive momentum in the market.
