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Why Bitcoin is Going Up
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Bitcoin is rising sharply today as several bullish factors strengthen market sentiment. Bitcoin climbed from around $64,000 to nearly $80,000 in one week, gaining about 22%. Spot Bitcoin ETFs recorded roughly $2 billion in weekly inflows, signaling strong institutional demand. The rally also pushed Bitcoin above key levels, including its 200-day moving average and the $77,000 market mean. At the same time, growing speculation around U.S. Treasury bond buybacks and potential dollar weakness is supporting demand for alternative assets. Together, stronger ETF flows, improving technical momentum and shifting Treasury policy expectations are helping drive Bitcoin’s latest surge.
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