{"id":10305,"date":"2024-05-21T16:02:53","date_gmt":"2024-05-21T16:02:53","guid":{"rendered":"https:\/\/newsbuzz24x7.com\/why-is-bitcoin-price-up-today-btc-eyes-75k-ahead-of-ethereum-etfs\/"},"modified":"2024-05-21T16:02:53","modified_gmt":"2024-05-21T16:02:53","slug":"why-is-bitcoin-price-up-today-btc-eyes-75k-ahead-of-ethereum-etfs","status":"publish","type":"post","link":"https:\/\/newsbuzz24x7.com\/why-is-bitcoin-price-up-today-btc-eyes-75k-ahead-of-ethereum-etfs\/","title":{"rendered":"Why is Bitcoin Price Up Today? BTC Eyes $75k ahead of Ethereum ETFs"},"content":{"rendered":"

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Bitcoin price rose as high as $71,954 on May 20, its highest in 38 days, on-chain data trends highlight lingering reactions to recent US macroeconomic indices and impending Ethereum ETF approval as key catalyst behind the rally.\u00a0<\/strong><\/p>\n

Why is Bitcoin (BTC) price up today?<\/h2>\n

Bitcoin price surged to a 38-day peak of $71,954, on May 21, 2024, largely due to a reports from Bloomberg analysts that the US Securities and Exchange Comission is set to approve Ethereum ETF.<\/p>\n

After a volatile start to the month, Bitcoin price fell as low as $60,207 on May 11. But since then the crypto market has flipped bullish thanks to a successive bullish whispers emerging from US regulators, ranging from the US Non-Farm Payrolls, to the latest Consumer Price Index (CPI) data.<\/p>\n

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