Why is Bitcoin price up today? By Cointelegraph

© Mundo Crypto PR

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

Despite negative news regarding crypto lender Genesis, Bitcoin price continues to rise. The rise in Bitcoin price after Genesis filed for bankruptcy may mean that the news was already priced into BTC.

Daily cryptocurrency market performance. Source: Coin360
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Interest rates may fall. Source: CME Group (NASDAQ:)
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Bitcoin, Dow Jones, Nasdaq and S&P 500. Source: TradingView