Axs crypto price

Bitcoin surges to highest levels since April 2022Bitcoin prices experienced a 4% surge on Monday, reaching $41,598.0, its highest value since April 2022. This upward trajectory can be attributed to growing optimism surrounding potential cryptocurrency graphic reductions in US interest rates, coupled with speculation among traders anticipating the imminent approval of Bitcoin funds traded on the US stock market. You can find the full interview in the video player above. Demand, Supply, and Scarcity: Bitcoin has a price because theres a demand for it. People are willing to buy Bitcoins and invest in them - one of the biggest reasons for the same is because of the scarcity factor. You can almost compare Bitcoins to gold in this aspect - Gold is a scarce resource and people are willing to invest in it and hold it. Gold is sold off to get cash and if a large amount of gold is sold off - the price of gold falls in the international markets. Bitcoin functions in a similar manner. The higher the demand the higher the price.