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Why is Bitcoin price up today?


Johnivan0

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Bitcoin price is up today after traders decided that the Genesis bankruptcy news was already priced in and unlikely to severely impact BTC price.

 

 

Bitcoin price is up on Jan. 20, and a swift market-wide rally in crypto prices has some investors hopeful that the year-to-date high at $21,427 is a sign that $23,000 has bottomed. 

Despite negative news regarding crypto lender Genesis, Bitcoin price continues to rise. 

After continuing last week’s rally in equities markets, a cooling U.S. dollar index (DXY) and positive Federal Reserve comments post inflation data in the Consumer Price Index Report (CPI) can keep BTC above the $21,000 range.

Edited by Johnivan0
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