Bitcoin Price Jumps to $86,000, Highest Since January
Listen to the story
Bitcoin is a type of digital money. This week, its price went up to $86,000. This is the highest price since January.
People in the market are now asking a big question. Is the 'crypto winter' over? A crypto winter is a long time when prices go down.
The price of Bitcoin went up very fast. It rose 13% in a short time. Many people call this a rally. A rally is a fast rise in price.
After the big rise, the price went down a little. This is called a retreat. Bitcoin is now at its highest level in eight months.
There are some reasons for the change. Oil prices went down. Also, some traders lost money because they bet the price would fall. This is called a short squeeze.
Bitcoin reached this key level of $86,000 for the first time in 45 weeks. A key level is an important price point.
Experts do not agree about the future. Some think prices will keep going up. Others are not so sure.
Vocabulary15 words
- Bitcoin
- a kind of digital money used online
- crypto winter
- a long time when digital money prices go down
- rally
- a fast rise in price
- retreat
- when a price goes down after going up
- oil prices
- how much oil costs to buy
- short squeeze
- when people lose money betting a price will fall
- key level
- an important price point
- market
- a place where people buy and sell things
- digital money
- money that only exists online, not as paper or coins
- trader
- a person who buys and sells things like Bitcoin
- price
- how much something costs
- expert
- a person who knows a lot about something
- reach
- to get to a certain point or level
- bet
- to guess what will happen, hoping to win money
- future
- the time that has not happened yet
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Quiz
Answer key
1. $86,000 2. A long time when digital money prices go down 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Bitcoin is a type of digital money. This week, its price went up to _____.
This is the highest price since _____.
People in the market are now asking a big question. Is the '_____' over?
The price of Bitcoin went up very fast. It rose _____ in a short time.
After the big rise, the price went down a little. This is called a _____.
Bitcoin is now at its highest level in _____ months.
Oil prices went _____.
Some traders lost money because they bet the price would _____.
Bitcoin reached this key level of $86,000 for the first time in _____ weeks.
Experts do not agree about the _____.
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