Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin seems to reach $ 159k – it can happen, but only if …

2025-05-16

British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

2025-05-16

Avalanche [AVAX] Use jumps 221% – 3 factors will decide whether $ 25 applies

2025-05-16
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-16

    DAC platform and M3 DAO partner to bridge web3 and real-world ecosystems

    2025-05-16

    Hoskinson of Cardano rejects crypto -tribalism, reveals new details about massive ‘glacier drop’

    2025-05-16

    The new limit of reliable and scalable artificial intelligence

    2025-05-16

    Tether announces QVAC, the upcoming development platform for infinite and omnipresent intelligence – AI agents bet and evolve on user devices, not Big Tech Datacenters

    2025-05-16
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16

    American chairman Jerome Powell warns of future inflation, says that the economy could introduce a period of more frequent supply shocks

    2025-05-16

    Chainlink praises the guidelines of SEC and sets the stage for crypto integration in institutional finances

    2025-05-16

    Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

    2025-05-16

    Coinbase confirms that the SEC Sun from Biden era on ‘verified users’ is still ongoing

    2025-05-15
  • Analysis

    Analyst says that Top-20 Altcoin is ready to explode with 85%+ ultimately, Outlook works on Bitcoin and Dogwifhat at

    2025-05-16

    Bitcoin -price looks up – does the next leg be higher?

    2025-05-16

    Webull Pay joins forces with leading American Exchange Coinbase to Power Crypto Services

    2025-05-16

    XRP -price sinks lower, but card whisperers see a fall for the bears

    2025-05-16

    The most important global strategist of JPMorgan warns assistance on shares is exaggerated, says that huge premium in shares is probably not justified ‘

    2025-05-16
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Why is crypto rising today? The main factors behind the increase
Bitcoin

Why is crypto rising today? The main factors behind the increase

2024-10-21No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Market sentiment is currently in the ‘greed’ zone, prompting more traders to buy and pushing crypto prices higher.
  • Short liquidations have dominated recent trading sessions, indicating strong bullish momentum.

Over the past 24 hours, the crypto market has experienced a significant drop in trading volume, down more than 30%.

However, despite this decline, the total market capitalization has increased slightly. So why is crypto rising despite lower trading volume?

Positive market sentiment increases crypto prices

Positive market sentiment is one of the main reasons behind the upward trend in crypto prices. According to data from Mint glassMarket sentiment has remained optimistic.

The Fear and Greed Index, a popular indicator of investor sentiment, is currently showing “greed.”

Why is crypto rising? fear and greedWhy is crypto rising? fear and greed

Source: Coinglass

This high level of greed often indicates increased buying activity, as more traders are driven by FOMO (fear of missing out).

This sentiment may answer the question of why crypto is rising today, as FOMO leads to more buying, pushing prices higher.

When the Fear and Greed Index points to greed, it usually indicates that traders are rushing to enter the market. This creates buying pressure, driving up the prices of key assets.

However, it is important to note that market corrections often follow these types of rallies, as FOMO can quickly turn into FUD (fear, uncertainty and doubt), creating volatility in the market.

Bitcoin’s price increase supports market growth

Another important factor explaining why crypto is rising is the positive price movement of Bitcoin, the largest cryptocurrency by market capitalization.

In recent days, Bitcoin has broken through the $63,000 resistance level and continued to rise, with the price remaining above $68,000.

See also  Crypto Analyst Who Sold the Bitcoin Top Reveals How to Buy and Sell at the Perfect Time

During the last trading session, Bitcoin even reached $69,000, contributing to the overall increase in market capitalization.

Bitcoin’s price stability above key resistance levels provides a strong foundation for the entire crypto market, as its performance often sets the tone for other assets.

With Bitcoin maintaining its uptrend, other cryptocurrencies have followed suit, driving the market further higher.

Short liquidations drive prices up

An analysis of the crypto liquidation chart shows another reason why crypto is rising. In recent days there has been a noticeable increase in the liquidation of short positions.

As of October 8, short liquidations were approximately $71 million, while long liquidations were $41 million.

In the next trading session, both short and long liquidations were almost the same, around $28 million.

However, in the most recent session, short liquidations rose to nearly $80 million, compared to just $38 million in long liquidations.

crypto liquidationcrypto liquidation

Source: Coinglass

This trend of increasing short liquidations indicates that traders betting on price declines are being forced to close their positions as prices continue to rise.

As short positions close, buying pressure increases, leading to further price gains, making the market more bullish.

Why is crypto rising?

The crypto market’s upward movement can be attributed to several factors, including the positive market sentiment reflected in the Fear and Greed Index, Bitcoin’s strong price performance, and the liquidation of short positions.

Together, these elements drive the market higher even as trading volume decreases.

Although the current trend is positive, traders should be aware that rapid price increases could soon lead to market corrections.

See also  SEC confirms POW Crypto Mining exempt from the securities legislation

Next: ARPA crypto rises 43% in 24 hours, but is a correction looming?

Source link

Crypto Factors Increase main Rising Today
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin seems to reach $ 159k – it can happen, but only if …

2025-05-16

Avalanche [AVAX] Use jumps 221% – 3 factors will decide whether $ 25 applies

2025-05-16

Bitcoin strengthens vs. Golden, Analyst sees ‘Higher than expected’ return

2025-05-16

The first public Bitcoin Treasury company of Brazil comes on: Is Méliuz the next strategy?

2025-05-16
Add A Comment

Comments are closed.

Top Posts

Shiba Inu Blockchain Shibarium Welcomes NFT Bridge Feature

2024-10-29

Ministry of Finance Sanctions Cambodian Senator Accused of Crypto Scams

2024-09-18

Top Analyst Says Monster Breakout Is On Its Way For One Memecoin, Says Six Altcoins Are His Fastest Pick

2024-10-16
Editors Picks

Hedera’s The Hashgraph Group invests in Agnext Technologies

2025-04-09

Senator Warren challenges SEC -Nominated Paul Atkins about FTX tires and deregulation risks

2025-03-24

Gaming NFTs soar as Guild of Guardians sell Avatars, DMarket and Fantasy Topleads

2024-05-24

‘Bitcoin waits for no one!’ – Founders of Glassnode say BTC traders will experience FOMO if this happens

2024-02-16

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin seems to reach $ 159k – it can happen, but only if …

British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

Avalanche [AVAX] Use jumps 221% – 3 factors will decide whether $ 25 applies

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,504.95-0.59%
  • ethereumEthereum(ETH)$2,496.85-3.49%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-1.88%
  • binancecoinBNB(BNB)$643.56-2.24%
  • solanaSolana(SOL)$168.26-2.59%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.218218-3.59%
  • cardanoCardano(ADA)$0.76-3.38%
  • tronTRON(TRX)$0.269428-2.54%
  • suiSui(SUI)$3.79-3.08%
  • chainlinkChainlink(LINK)$15.52-4.89%
  • avalanche-2Avalanche(AVAX)$22.76-4.86%
  • hyperliquidHyperliquid(HYPE)$27.401.73%
  • stellarStellar(XLM)$0.290878-1.85%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.951.12%
  • hedera-hashgraphHedera(HBAR)$0.194091-3.37%
  • bitcoin-cashBitcoin Cash(BCH)$397.67-0.95%
  • the-open-networkToncoin(TON)$3.06-1.78%
  • litecoinLitecoin(LTC)$99.19-1.76%
  • polkadotPolkadot(DOT)$4.69-3.90%
  • moneroMonero(XMR)$338.39-0.75%
  • bitget-tokenBitget Token(BGB)$4.96-1.44%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-6.88%
  • piPi(PI)$0.72-16.23%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$5.95-6.14%
  • bittensorBittensor(TAO)$423.90-3.99%
  • aaveAave(AAVE)$227.42-1.05%
  • nearNEAR Protocol(NEAR)$2.76-5.78%
  • aptosAptos(APT)$5.17-4.44%
  • okbOKB(OKB)$53.05-1.42%
  • kaspaKaspa(KAS)$0.116222-2.41%
  • ondo-financeOndo(ONDO)$0.93-7.07%
  • ethereum-classicEthereum Classic(ETC)$18.42-4.45%
  • internet-computerInternet Computer(ICP)$5.22-5.09%
  • gatechain-tokenGateToken(GT)$21.57-1.19%
  • crypto-com-chainCronos(CRO)$0.099409-1.91%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.60-3.12%
  • mantleMantle(MNT)$0.74-2.14%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233312-3.77%
  • vechainVeChain(VET)$0.028096-4.63%
  • render-tokenRender(RENDER)$4.57-7.08%
  • ethenaEthena(ENA)$0.3905372.96%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.220677-3.63%
  • filecoinFilecoin(FIL)$2.83-5.24%
  • cosmosCosmos(ATOM)$4.75-4.06%
  • bitcoinBitcoin(BTC)$103,504.95-0.59%
  • ethereumEthereum(ETH)$2,496.85-3.49%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.37-1.88%
  • binancecoinBNB(BNB)$643.56-2.24%
  • solanaSolana(SOL)$168.26-2.59%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.218218-3.59%
  • cardanoCardano(ADA)$0.76-3.38%
  • tronTRON(TRX)$0.269428-2.54%
  • suiSui(SUI)$3.79-3.08%
  • chainlinkChainlink(LINK)$15.52-4.89%
  • avalanche-2Avalanche(AVAX)$22.76-4.86%
  • hyperliquidHyperliquid(HYPE)$27.401.73%
  • stellarStellar(XLM)$0.290878-1.85%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.951.12%
  • hedera-hashgraphHedera(HBAR)$0.194091-3.37%
  • bitcoin-cashBitcoin Cash(BCH)$397.67-0.95%
  • the-open-networkToncoin(TON)$3.06-1.78%
  • litecoinLitecoin(LTC)$99.19-1.76%
  • polkadotPolkadot(DOT)$4.69-3.90%
  • moneroMonero(XMR)$338.39-0.75%
  • bitget-tokenBitget Token(BGB)$4.96-1.44%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-6.88%
  • piPi(PI)$0.72-16.23%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$5.95-6.14%
  • bittensorBittensor(TAO)$423.90-3.99%
  • aaveAave(AAVE)$227.42-1.05%
  • nearNEAR Protocol(NEAR)$2.76-5.78%
  • aptosAptos(APT)$5.17-4.44%
  • okbOKB(OKB)$53.05-1.42%
  • kaspaKaspa(KAS)$0.116222-2.41%
  • ondo-financeOndo(ONDO)$0.93-7.07%
  • ethereum-classicEthereum Classic(ETC)$18.42-4.45%
  • internet-computerInternet Computer(ICP)$5.22-5.09%
  • gatechain-tokenGateToken(GT)$21.57-1.19%
  • crypto-com-chainCronos(CRO)$0.099409-1.91%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.60-3.12%
  • mantleMantle(MNT)$0.74-2.14%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233312-3.77%
  • vechainVeChain(VET)$0.028096-4.63%
  • render-tokenRender(RENDER)$4.57-7.08%
  • ethenaEthena(ENA)$0.3905372.96%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • algorandAlgorand(ALGO)$0.220677-3.63%
  • filecoinFilecoin(FIL)$2.83-5.24%
  • cosmosCosmos(ATOM)$4.75-4.06%