Why is the crypto market up today?

">">Key catalysts driving the crypto market up today include:Optimism over easing US-China trade-war tensions.A “short squeeze” in the derivatives market, with over $540 million in short liquidations in the past 24 hours.Strengthening technical setup with a break of a multimonth downtrend.The cryptocurrency market is up today, with the total market capitalization rising by approximately 6.7% in the last 24 hours to reach $2.94 trillion on April 23. The gains were led by Bitcoin (https://cointelegraph.com/bitcoin-price

(RSI) has climbed from its low of 30 on April 7 to 65 at the time of writing, indicating an increasing bullish momentum.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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