Bitcoin at a record high – level 1

Bitcoin at a record high

08-03-2024 15:00

Bitcoin goes up a lot. But then it goes down again. People put money into it. They think that interest rates will go down.

Bitcoin reaches 69,202 dollars. It is higher than before. The previous highest point is in November 2021. More people get interested in Bitcoin after some groups say that it is okay to buy it. Some companies also buy bitcoin.

Other crypto coins like ether are not as high. The situation is changing quickly. We do not know how much bitcoin will be in the future.

Difficult words: interest rate (how much banks charge for lending money), reach (to get to a point), previous (the one before).

You can watch the original video in the Level 3 section.

What factors contribute to the unpredictability of Bitcoin's value, and how do these fluctuations affect its popularity among investors?

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