Bitcoin Explodes, Hits Highest Value Since 2021

The world's most popular cryptocurrency, Bitcoin, exploded on Wednesday, surpassing the value of over $60 for the first time since November 2021.

The value of this currency increased by 6 percent, to over 60 thousand and 391 dollars, according to "Coin Metrics". The all-time record is nearly $70.

Investors are waiting for a new record, due to the process known as "halving".

What is "halving"?

BTC has increased by 18 percent in the past week alone. It is now worth about 40 percent more in 2024 alone.