Why Is Bitcoin Price Up Above $43,000 Today?
Summary
Bitcoin has surged above $43,000 due to several factors. Grayscale's selling pressure has eased, with reduced outflows and increased inflows for its Spot Bitcoin ETF. Bitcoin whales have increased their holdings by 76,000 BTC. Macro factors like high US debt and inflation data have also contributed. The upcoming FOMC meeting and the Bitcoin Halving event are further driving the market. Additionally, Bitcoin supply on exchanges is decreasing as holders move tokens to cold storage in anticipation of potential gains from the Halving event.
