Why is the crypto market up today? By Cointelegraph

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Why is the crypto market up today?

(BTC) has jumped to new seven-week highs and confidence is returning over the global macro outlook.

The most definitive charge on $21,000 has seen reach its highest levels since Sep. 13, data from Cointelegraph Markets Pro and TradingView confirms.

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BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
Crypto market cap chart. Source: CoinMarketCap
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
BTC/USD 1-day candle chart (Bitstamp) with Bollinger Bands. Source: TradingView
Bitcoin historical volatility index (BVOL) 1-week candle chart. Source: TradingView
correlation chart. Source: Barchart/Twitter