Why is Bitcoin price up today? By Cointelegraph

price is up today, rebounding from the Nov. 21 correction to $35,651 and hitting an intraday high of $37,431. The rally comes after Bitcoin price bounced 3% as traders digested Binance’s settlement with the United States Department of Justice (DOJ). The settlement has reignited hype around traders’ belief that a spot BTC exchange-traded fund (ETF) will be approved soon and that this will bring significant inflows to Bitcoin, pushing prices across the crypto market higher.

Let’s look into the reasons why Bitcoin price is up today.