🟢On Monday morning, Bitcoin reached an all-time high, surpassing $82,000. This surge has sparked a wave of optimism among crypto investors, with the Fear & Greed Index jumping to 78 out of 100, indicating an extreme level of greed. Over the past month, the index has risen from a neutral 49, pointing to growing optimism and increased willingness to invest.
🟢Emerging geopolitical factors, including Donald Trump’s election win and his integration of cryptocurrency into his campaign platform, have also supported Bitcoin’s rise. However, it’s worth noting that previous peaks in greed levels often preceded market corrections. Historically, when the index exceeds 75, sharp drops tend to occur within weeks. Thus, the current index reading of 76 suggests growing risks amid heightened optimism.