Why is Bitcoin price up today? By Cointelegraph

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© Reuters

(BTC) price has risen nearly 4.75% to around $28,250 in the past 24 hours, including the biggest daily jump since Aug. 29.

Bitcoin started rallying hours after the United States Congress pushed back the possibility of a shutdown to mid-November. As a result, BTC’s price saw its biggest green candle since late August.

hourly price chart. Source: TradingView
Bitcoin monthly returns (%). Source: CoinGlass
Crypto market liquidation heatmap featuring Bitcoin. Source: Coinglass
BTC/USD daily price chart. Source: TradingView
BTC/USD weekly price chart. Source: TradingView