why is bitcoin going up?

[alenaghose]

I've noticed that Bitcoin's price has been rising steadily in recent days. Can someone explain what factors are driving this surge? Is it due to market news, institutional buying, ETF approvals, or some other economic trend?

 

[niyati]

Bitcoin's rally toward $120,000 is fueled by institutional ETF demand, political pressure on the Federal Reserve, declining volatility preceding major moves, corporate treasury adoption, and regulatory momentum around digital asset legislation creating structural buying pressure.

 

[Gsusangrey]

Bitcoin's price is influenced by supply/demand dynamics. Recent increases are attributed to factors like the Bitcoin halving (reducing new supply), strong inflows into Spot Bitcoin ETFs, and growing institutional interest and adoption. Favorable regulatory discussions in the US are also boosting sentiment.

 

[nikhilrajoria]

The price of bitcoin increases because of the following factors: the use of bitcoin by institutions, geopolitical uncertainty, scarcity (halving periods), and investor sentiment on digital assets.