Why Bitcoin (BTC) Price is Up Today?

The post Why Bitcoin (BTC) Price is Up Today? appeared first on Coinpedia Fintech News

Bitcoin has surged past $30,000 for the first time since June 2022, buoyed by optimism about US central bank policy and despite the recent regulatory crackdown in the US. While some have attributed the rally to Tether’s injection of $14 billion into its circulating supply, others point to Bitcoin whales as the driving force behind the price increase. It is likely that the market will enter a consolidation phase soon, as traders and investors reassess their positions and wait for the release of the Consumer Price Index (CPI) data, which can have a significant impact on Bitcoin’s momentum.