Bitcoin has reached $64,000 for the primary time because the peak of the 2021 bull run.
Prior to now two days, Bitcoin (BTC) has risen from $51,000 to hitting $64,000 briefly as we speak. The value rise has resulted from the Bitcoin ETF and the upcoming halving occasion, the place buyers purchase up greater than what’s mined day by day.
For a provide shock to occur this early earlier than the Bitcoin halving is predicted as the value rises most instances earlier than every halving. Nonetheless, if Bitcoin hits a brand new all-time excessive earlier than the halving, this would be the first time within the cryptocurrency’s historical past that this occasion would happen.
Institutional buyers are bullish because the Bitcoin ETFs hit record-high inflows, and the Concern and Greed Index is displaying a rating of 80, indicating excessive greed within the crypto market.
