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Why is Bitcoin price up today?

Coin Telegraph LogoCoin Telegraph11h ago

Why is Bitcoin price up today? - Coin Telegraph

Quick Summary:

Source: Farside InvestorsAdditional data from CoinShares reveals that institutional investors asserted their optimism in crypto markets as $785 million flowed into crypto investment products, marking a five-week streak of inflows. Bitcoin investment products attracted $557 million in inflows over the past week, indicating growing investor confidence in Bitcoin as a long-term asset.

Source: CryptoQuantWith the current strong demand for BTC futures contracts, investors are expecting Bitcoin to continue its uptrend similar to the one that occurred between late October 2024 and December 2024, when rising OI accompanied BTC’s 84% rally to its previous all-time highs of $108,000 reached on Dec.16, 2024.

Japan’s Metaplanet has bagged another 1,004 BTC for about $129 million as per a May 19 announcement. With increasing institutional demand for Bitcoin, the price is well-positioned to continue its upward trajectory toward all-time highs and into price discovery.

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Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 09:53:44 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 667 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 28869101

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 58 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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