{"id":75079,"date":"2023-09-12T19:22:36","date_gmt":"2023-09-12T19:22:36","guid":{"rendered":"https:\/\/kryptodata.se\/what-is-the-reason-behind-the-increase-in-bitcoin-price-today\/"},"modified":"2023-09-12T19:22:36","modified_gmt":"2023-09-12T19:22:36","slug":"what-is-the-reason-behind-the-increase-in-bitcoin-price-today","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/what-is-the-reason-behind-the-increase-in-bitcoin-price-today\/","title":{"rendered":"What is the reason behind the increase in Bitcoin price today?"},"content":{"rendered":"<p>Bitcoin&#8217;s price has rebounded, rising over 5% and reaching a September high of over $26,500 after hitting a three-month low.<\/p>\n<p>Investors are excited about Franklin Templeton filing for a spot Bitcoin ETF, fueling dreams of a new bull market.<\/p>\n<p>Institutional interest in Bitcoin is growing, with companies like BlackRock and Fidelity Investments filing for ETFs. Franklin Templeton has also filed for a spot Bitcoin ETF.<\/p>\n<p>The supply of Bitcoin on exchanges continues to drop, which is seen as a bullish signal by the market.<\/p>\n<p>Liquidations of BTC shorts have had a strong impact on price, with over $38.1 million in shorts being liquidated in the past 24 hours.<\/p>\n<p>Despite the recent gains, the Bitcoin Fear and Greed Index shows that the market is still fearful.<\/p>\n<p>This article does not provide investment advice and readers should conduct their own research.<\/p>\n","protected":false},"excerpt":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/2975699c-abdd-4f7b-bd35-74267a570117.jpg\"><\/p>\n<p>Bitcoin\u2019s price rebounds as investors\u2019 excitement over Franklin Templeton filing for a spot BTC ETF fuels dreams of a new bull market. <\/p>\n","protected":false},"author":1,"featured_media":75080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[21],"tags":[47],"class_list":["post-75079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the reason behind the increase in Bitcoin price today? 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