As anticipated by cryptocurrency investors and enthusiasts around the world, bitcoin has finally broken its $68,000 recorded high just a few hours ago.
According to sources, this comes as investors all around the world gear up for its 4 years halving cycle. An event that marks the day rewards for mining Bitcoin would be halted.
The date for the bitcoin halving is close with all minds anticipating the first week of April 2024.
Now, major companies are buying large quantities of the coin, which on its own is causing a shortage of supply and creating a higher demand as many want to get on the train now it is rolling up the mountain.
However, the record-breaking wave was not stable as Bitcoin fell from $68.834 down almost 6% to $64,100. Nevertheless, it did give the investors some hope for the future.
While those who did not invest earlier shake their heads and go for it while it’s hot.
At this momentum, bitcoin does not need the halving to begin before it hits $100,000. Only the amount of daily purchases will take it off the roof.