Bitcoin’s price surged above $65,000 today, reaching its highest level since November 2021, as rumors about large investors accumulating the coin started to circulate.

The coin’s rally continues to make headlines in the crypto market – and analysts now expect BTC to hit a new all-time high soon.

Meanwhile, some traders are keeping a close eye on Green Bitcoin (GBTC), a brand-new project that combines the legacy of Bitcoin with the eco-friendliness of Ethereum.

Bitcoin Soars Past $65k as ATH Looms Large

Bitcoin’s rise above $65,000 is a significant milestone highlighting the growing mainstream adoption and bullish sentiment around the coin.

The coin’s surge comes from enormous institutional investments and widespread speculation about the potential impact of the upcoming Bitcoin halving event in April.

This halving, which occurs every four years, will reduce the rate at which new BTC is released into circulation.

These events have been historically followed by substantial price rallies as the decreased supply meets rising demand from investors.

However, things seem different this time, with Bitcoin’s price rally starting well ahead of the halving compared to previous cycles.

At the time of writing, BTC‘s price is hovering around $65,470, almost 5% higher than Friday’s close.

Additionally, record levels of open interest in Bitcoin futures contracts suggest that traders expect the uptrend to continue.

Whale Buying Rumors Drive Bitcoin’s Price Higher

Speculation surrounding the entry of crypto whales has further fueled Bitcoin’s price rise in the past 24 hours.

Rumors have been swirling about the identity of a mysterious Bitcoin buyer, with a recent Forbes article pointing to Qatar’s sovereign wealth fund or even billionaire Jeff Bezos.

Adding legitimacy to these rumors, Maz Keiser, a prominent Bitcoin investor working with El Salvador,