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Why is Bitcoin price up today?

September 28, 2023


Bitcoin price is up today, rising over 3% with a sharp upward candle that sent the price to $27,300. The Bitcoin price increase today set a one-week high and reflects a 4% gain for the month of September.

Liquidations could be sending Bitcoin price higher

Coinciding with Bitcoin’s rally, the BTC supply on exchanges continues to remain below the Sept. 4 monthly peak. Exchanges have shed over 40,000 Bitcoin since that monthly peak.

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