Why Crypto Market Is Up Today: Bitcoin Hits $97K Amid Bullish Rebound

Quick Summary:

Bitcoin (BTC) price briefly touched $97.3k after a 4 percent rally in the past 24 hours, before retracing to about $95.6k at the time of this writing.

Bitcoin surged from whale buying, reduced exchange supply, and renewed retail and institutional interest.

The United States spot Bitcoin and Ether ETFs registered positive cash inflows on Wednesday after bleeding on Monday and Tuesday.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United StatesChinaIsraelLebanonMorocco

Topics: News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 05:24:18 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23913881

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

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Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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