Why is Crypto Up Today?
TLDR
- Bitcoin reached $118,930, up 0.17%, driven by institutional ETF inflows exceeding $15 billion since spring
- Ethereum surged 8-9% to break $3,400, with XRP breaching $3 barrier on heavy volume
- “Crypto Week” in Congress features major bills including Genius Act, Clarity Act, and Anti-CBDC Act
- Stablecoin market approaches $250 billion, providing increased liquidity for trading
- Altcoin season begins as capital rotates from Bitcoin dominance to major alternative cryptocurrencies
Bitcoin traded at $118,930 on Thursday, marking a 0.17% increase from the previous day’s close of $118,722. The price movement comes during a period of intense legislative activity in Washington and continued institutional investment flows.
