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Why Is Bitcoin Rising Again?

Why Is Bitcoin Rising Again?

Teena Jain Kaushal
Teena Jain Kaushal
  • New Delhi ,
  • Mar 12, 2024,
  • Updated Mar 12, 2024, 3:43 PM IST

 

Bitcoin's resurgence beyond its all-time high, surpassing $69,000, is attributed to several factors. The approval of a Bitcoin Exchange-Traded Fund (ETF) in the US and the upcoming Bitcoin halving event are key drivers propelling its price upward. The scheduled Bitcoin halving in April 2024, which reduces the rate at which new Bitcoins are created, is viewed as a bullish catalyst by many market participants. Despite these developments, experts caution against investing in crypto due to their inherent volatility and speculative nature. Saurabh Kumar VP of Growth & International Expansion at Mudrex, speaks with Teena Jain Kaushal, Editor-Money Today, Business Today, on what is driving Bitcoin prices again.

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