Bitcoin’s Crypto Rise Heading Towards $65000

Bitcoin, the famous digital currency, is getting closer to reaching $65,000. This increase in its value is happening because more and more people are interested in investing in it.

Here’s what’s been going on

Bitcoin had reached its highest value back in November 2021. Since then, its value went up and down a lot. But now, it’s on the rise again, passing the $60,000 mark and still going up.

One big reason for this rise is the introduction of something called Bitcoin ETFs. These are like investment funds that allow people to easily invest in Bitcoin through their regular investment accounts. Many big investors, like hedge funds and rich individuals, are putting their money into these funds, which is driving up Bitcoin’s price.

People are also excited about something called the Bitcoin halving event, which is set to happen in April 2024. During this event, the rate at which new Bitcoins are made will be cut in half. This means there will be fewer new Bitcoins available, which could make their price go up even more.

Bitcoin halving. It happens roughly every four years and has a big effect on Bitcoin’s value. When Bitcoin halves, it means miners, the people who create new bitcoins, get fewer bitcoins as rewards. They then sell less, which means there’s less Bitcoin…