The price of the cryptocurrency Bitcoin is increasing by leaps and bounds.The virtual currency has reached its highest price ever.
The news agency Reuters reported that at one point on this day, the price of bitcoin increased by 4.4 percent to 72 thousand 739 dollars. Later, however, it came down to 72 thousand 649 dollars.
And the U.S. Securities and Exchange Commission says demand for the world’s most valuable cryptocurrency is on the rise after allowing investment in bitcoin through exchange-traded funds (ETFs).At the same time, the US Federal Reserve is expected to cut interest rates soon.As a result, investors are flocking to Bitcoin.Due to these reasons, the price of Bitcoin is increasing.
Read also: The price of Bitcoin has risen to 60 thousand dollars, why this price increase
Earlier, on March 5, the price of virtual currency rose to 68 thousand 600 dollars, which was the highest in the last two years.
And in November 2021, the price of Bitcoin in the world market reached an all-time high of 68 thousand 999.99 decimal dollars.
As a result of this Bitcoin price increase, many people are attracted to it, and those who hold it are still seeing the price of their invested Bitcoins increase.
