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(BTC) value is up as we speak, rebounding from the Nov. 14 correction to $34,500 and hitting an intra-day excessive of $37,650. The rally comes after Bitcoin value briefly touched 1-week lows on Nov. 15. The hype round a spot BTC exchange-traded fund (ETF) is bringing vital inflows to Bitcoin as liquid provide is tightening, pushing costs throughout the crypto market increased.

Bitcoin value. Supply: TradingView

Let’s look into the explanation why Bitcoin value is up as we speak.

Concern and Greed Index. Supply: Newhedge
Crypto asset institutional investor influx. Supply: CoinShares
BTC stability on exchanges. Supply: Glassnode
BTC out there provide. Supply: Glassnode