$BTC

Why is the price of Bitcoin rising? A simple look at what is happening

Bitcoin is making headlines again. After a period of volatility, its price has started to rise sharply - and people are paying attention. Whether you are a cryptocurrency enthusiast or just someone curious about what is happening, here is a simple explanation of why Bitcoin is rising and what it could mean.

1. Quick reminder: What is Bitcoin?

Bitcoin is a type of digital currency - or cryptocurrency - that operates without a central bank or government. Instead, it runs on a technology called blockchain, which is like a public ledger that records every transaction. It is known for being decentralized, limited in supply (it will not exceed 21 million), and highly volatile in price.

2. The recent increase: What is causing it?

The price of Bitcoin tends to rise and fall in waves, and is often affected by news, investor behavior, and broader economic trends. Here’s why it is rising now: