Bitcoin Rises Close to $78,000 After Rate Hike
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Bitcoin is a type of digital money. Its price went up this week. It moved close to $78,000. This happened after a rate hike. A rate hike means banks change the cost of borrowing money. This can change how people use money.
Bitcoin needs to go back to $80,000. Experts say some things must happen first. They are watching the market closely. The price of Bitcoin often goes up and down fast.
People also talked about other cryptocurrencies. One is called Remittix. It works with something called PayFi. PayFi means using digital money for payments. Bitcoin had strong support near $75,000. This means many people did not want to sell below that price.
Vocabulary5 words
- Bitcoin
- a kind of money that only exists online
- digital money
- money you cannot touch; it is only on computers
- rate hike
- when it costs more to borrow money
- cryptocurrencies
- types of digital money like Bitcoin
- PayFi
- a new way to use digital money for paying
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Quiz
Answer key
1. $78,000 2. A rate hike 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 _____ money. Its price went up this week. It moved close to _____. This happened after a _____ hike.
Bitcoin needs to go back to _____. Experts say some things must happen first.
People also talked about other _____. One is called Remittix. It works with something called _____. Bitcoin had strong support near _____.
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