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After a long week of extreme fear, the crypto market today is showing a strong sign of recovery, climbing 4% to hover around $2.36 trillion. The leading cryptocurrency, Bitcoin (BTC), is up 5% and trading around $69,563.
Other large cap coins, such as Ethereum (ETH), Solana (SOL), XRP, and Dogecoin, have seen a rise of 6% to 10%.
Now the question is, why crypto market price up today
Why Crypto Market is Going up today, February 14
- Cooler US Inflation Sparks Crypto Rally
One of the biggest reasons behind the crypto market rally today is the latest U.S. inflation data. According to the Consumer Price Index (CPI) report released by the U.S. Bureau of Labor Statistics on February 13, annual inflation slowed to 2.4% in January, down from 2.7% in December.
Lower inflation data reduces the pressure on the Federal Reserve to keep interest rates high. As a result, investors are moving back into risk assets like crypto for more return.
As a result, the Bitcoin price today jumped more than 5%, reacting positively to cooling inflation and improving investor confidence.
- Bitcoin and Ethereum ETF Inflows Support Crypto Market Recovery
Another major factor behind why crypto market price up today is the return of inflows into Spot ETFs. After several days of outflows, both Bitcoin and Ethereum ETFs saw renewed investor interest.
On February 13, Bitcoin ETFs recorded total inflows of $15.1 million. Fidelity led with $12 million, followed by WisdomTree with $3.6 million, although BlackRock saw a small outflow.
At the same time, Ethereum ETFs recorded inflows of $10.2 million, led by Grayscale. These inflows signal institutional confidence and support the ongoing crypto market rally today.
Massive Short Liquidations Accelerate Bitcoin and Crypto Rally
Another key driver behind why crypto market price up today is large-scale short liquidations. Over the past 24 hours, 96,323 traders were liquidated, with total liquidations reaching $287.68 million.
Notably, around $250 million came from short positions, meaning traders betting against Bitcoin and crypto were forced to close positions.
On-chain data also shows fewer Bitcoin and Ethereum coins moving to exchanges, which signals that investors are holding instead of selling, supporting the current crypto market today recovery.
Bitcoin Leads Recovery as ETH, SOL, and XRP Follow Higher
Bitcoin is once again leading the crypto market, trading near $70,000 after holding support around $65,000. This confirms strong demand and explains why crypto market price up today remains a key discussion point.
Ethereum is also recovering, with the Ethereum price today rising near $2,078 as buying interest returns.
Solana (SOL) is among the top gainers in the top 10 cryptocurrencies, jumping nearly 9% and trading near $86, supported by strong network activity.
Meanwhile, the XRP price today has also increased by 7%, following Bitcoin’s upward momentum and contributing to the overall crypto market rally.