worth is up at this time, rebounding from the Nov. 21 correction to $35,651 and hitting an intraday excessive of $37,431. The rally comes after Bitcoin worth bounced 3% as merchants digested Binance’s settlement with the USA Division of Justice (DOJ). The settlement has reignited hype round merchants’ perception {that a} spot BTC exchange-traded fund (ETF) can be accepted quickly and that this can deliver vital inflows to Bitcoin, pushing costs throughout the crypto market increased.
Let’s look into the the explanation why Bitcoin worth is up at this time.
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