Bitcoin Powers $3T Crypto Surge as Sentiment Reaches ‘Extreme Greed’
- The cryptocurrency market has experienced a notable surge in the past two weeks.
- The post-election surge has plunged the crypto market into an Extreme Greed situation.
- Analysts predict a potential price correction following the crypto market’s situation.
The cryptocurrency market surged over the past two weeks, led by Bitcoin’s climb to $90,000, marking a record-breaking performance. Speculation suggests the rally was triggered by Donald Trump’s victory in the recent U.S. presidential election. Within a week, Bitcoin, which had been trading below $68,000 till the eve of the elections, soared to a new all-time high of $93,483.
Following Trump’s election win, several cryptocurrencies experienced significant price gains. Ethereum, the second-largest cryptocurrency by market capitalization, gained over 45% during this period, while Solana added 56% to its value during the same period.
The rapid price increases propelled the total cryptocurrency market cap past $3 trillion, approaching the record high of $3.09 trillion achieved during the 2021 bull run.
Read also: How to Trade Crypto During Periods of Extreme Fear and Greed
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The post Bitcoin Powers $3T Crypto Surge as Sentiment Reaches ‘Extreme Greed’ appeared first on Coin Edition.
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Bitcoin Powers $3T Crypto Surge as Sentiment Reaches ‘Extreme Greed’
- The cryptocurrency market has experienced a notable surge in the past two weeks.
- The post-election surge has plunged the crypto market into an Extreme Greed situation.
- Analysts predict a potential price correction following the crypto market’s situation.
The cryptocurrency market surged over the past two weeks, led by Bitcoin’s climb to $90,000, marking a record-breaking performance. Speculation suggests the rally was triggered by Donald Trump’s victory in the recent U.S. presidential election. Within a week, Bitcoin, which had been trading below $68,000 till the eve of the elections, soared to a new all-time high of $93,483.
Following Trump’s election win, several cryptocurrencies experienced significant price gains. Ethereum, the second-largest cryptocurrency by market capitalization, gained over 45% during this period, while Solana added 56% to its value during the same period.
The rapid price increases propelled the total cryptocurrency market cap past $3 trillion, approaching the record high of $3.09 trillion achieved during the 2021 bull run.
Read also: How to Trade Crypto During Periods of Extreme Fear and Greed
Fear and Greed Index S…
The post Bitcoin Powers $3T Crypto Surge as Sentiment Reaches ‘Extreme Greed’ appeared first on Coin Edition.
Read More
Bitcoin Price to Hit $1.3M by 2035, Says Crypto Asset Manager Bitwise