Bitcoin touches $64k for first time since 2021
![Bitcoin touches $64k for first time since 2021](https://crypto.news/app/uploads/2023/10/crypto-news-Bitcoin-white-paper-anniversary01.webp)
Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run.
In the past two days, Bitcoin (BTC) 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.
For a supply shock to happen this early before the Bitcoin halving 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.
![Bitcoin touches $64k for first time since 2021 - 1](https://crypto.news/app/uploads/2024/02/Screenshot-288.png)
Institutional investors are bullish as the Bitcoin ETFs hit record-high inflows, and the Fear and Greed Index is showing a score of 80, indicating extreme greed in the crypto market.
![Bitcoin touches $64k for first time since 2021 - 2](https://crypto.news/app/uploads/2024/02/fear-and-greed-index_20130428_20240229_Coinmarketcap.jpeg)