Why is Bitcoin label up this day?

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Bitcoin label is up on Jan. 20, and a swift market-wide rally in crypto prices has some investors hopeful that the year-to-date excessive at $21,427 is a signal that BTC has bottomed.

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Despite negative recordsdata in the case of crypto lender Genesis, Bitcoin label continues to rise. The upward push in Bitcoin label after Genesis filed for chapter could well even indicate that the recordsdata changed into already priced into BTC.

On every day foundation cryptocurrency market performance. Source: Coin360
<span>Solid your vote now!</span>
Interest rates could well even fall. Source: CME Neighborhood (NASDAQ:<span class="aqPopupWrapper js-hover-me-wrapper"><a href="https://www.investing.com/equities/cme-group-inc." id="63ccc2f98ecd" class="aqlink js-hover-me" hoverme="aql" data-pairid="138">CME</a></span>)
<span class="aqPopupWrapper js-hover-me-wrapper"><a href="https://www.investing.com/currencies/us-dollar-index" id="63ccc2f98f8" class="aqlink js-hover-me" hoverme="aql" data-pairid="8827">U.S. greenback index</a></span>. Source: TradingView
Bitcoin, Dow Jones, Nasdaq and S&amp;P 5. Source: TradingView

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