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The REAL Reason Bitcoin Price is PUMPING! (8 Minute explanation)But there's another reason why bitcoin may be rising: fear. As investors look to diversify their portfolios in uncertain times, some turn to. The main reason was due to the Federal Reserve's approach towards a hike in interest rates, rising trust towards decentralized finance after the banking fiasco. Experts say this has been fuelled by expectations of the US Fed cutting interest rates in and the eventual approval of a Bitcoin ETF.