Why are crypto prices going up today?

The crypto market today reached $2.22 trillion after rising 0.60% during the past 24 hours. Strong Bitcoin performance and sustained ETF inflows supported the latest recovery. 

BTC price reclaimed above $65k and ETH above $1,900. However, the Fear and Greed Index remained at 41. This reading demonstrated that there was still caution even with the Crypto prices of various top coins getting better. Among top gainers are Pump Coin and WLD price

Crypto Prices Rise as Bitcoin Holds Above $65K

Bitcoin price traded at $65,224 after gaining 0.65% over 24 hours and 4.29% weekly. BTC price above $65,000 bolstered trust within the broader cryptocurrency sector.

Ethereum price increased 0.43% over the past 24-hours and 4.30% weekly to $1,925. Solana led major altcoins with gains of 0.73% daily and 6.04% weekly.

BNB climbed 0.04% during the day and 3.71% over seven days. However, XRP price declined 0.31% on monday and 2.82% over the past week.

Liquidations reached $144.59 million during the past 24 hours, following a 120% increase. An increase in liquidations implies that leveraged traders experienced a stiffer volatility in the recovery.

The weekly progress of Bitcoin is one of the major contributors to the overall growth. Increased demand in ETFs has also boosted institutional backing of digital assets.