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<p class="is-style-lead">Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run.</p> 
<p>In the past two days, Bitcoin (<a href="https://crypto.news/price/bitcoin/" data-type="link" data-id="https://crypto.news/price/bitcoin/">BTC</a>) has risen from $51,000 to hitting $64,000 briefly today. The price rise has resulted from the Bitcoin ETF and the upcoming halving event, where investors buy up more than what is mined daily.</p> 
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   <p lang="en" dir="ltr">This is the single most important ratio in global finance right now.<br><br>If it continues for the foreseeable future, the world will change and there will be no going back. <br><br>(h/t <a href="https://twitter.com/Matt_Hougan?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Matt_Hougan</a>) <a href="https://t.co/6IElTyiAJK" target="_blank">pic.twitter.com/6IElTyiAJK</a></p>— Pomp 🌪 (@APompliano) <a href="https://twitter.com/APompliano/status/1762850981925056933?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 28, 2024</a>
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<p>For a supply shock to happen this early before the <a href="https://crypto.news/next-bitcoin-halving-just-15k-blocks-away/" data-type="link" data-id="https://crypto.news/next-bitcoin-halving-just-15k-blocks-away/">Bitcoin halving</a> is expected as the price rises most times before each halving. However, if Bitcoin hits a new all-time high before the halving, this will be the first time in the cryptocurrency’s history that this event would occur.</p> 
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<p>Institutional investors are bullish as the <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">Bitcoin ETFs</a> hit record-high inflows, and the Fear and Greed Index is showing a score of 80, indicating extreme greed in the <a href="https://crypto.news/markets/" data-type="link" data-id="https://crypto.news/markets/">crypto market</a>.</p> 
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 <img loading="lazy" decoding="async" width="3000" height="1600" src="https://crypto.news/app/uploads/2024/02/fear-and-greed-index_20130428_20240229_Coinmarketcap.jpeg" alt="Bitcoin touches $64k for first time since 2021 - 25" class="wp-image-14253480" style="width: 100%;height:auto">
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<p> Read more: <a href="https://crypto.news/bitcoin-60000-price-analysis/"> Bitcoin hits $60k for first time since November 2021 </a> </p>

Bitcoin touches $64k for first time since 2021

crypto.news

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