Cryoto Currency

Why is Bitcoin still so expensive today? By Cointelegraph

Why is Bitcoin still so expensive today?

Today’s price is up, and crypto prices are rising across the board suggests that. BTC Ether (ETH) could be aiming to wrap up the month of October in the black.

Major cryptocurrencies are seeing single-digit gains, as of October 26, 2022. Bitcoin experienced a 5.15% price rise in the last 24hrs and a 5.48% increase in the last 7 days. Although the price of Bitcoin fluctuates, it is still above the psychologically significant level. Level $20,000. The following chart shows the BTC rally from October 24, 2022 to date.

BTC price. Source: Cointelegraph
Chart of crypto liquidations. Source: Coinglass
Bitcoin options are open to interest. Source: Coinglass
Investors believe that interest rates could fall. Source: Macromicro