The recent rise in the Crypto Fear & Greed Index to 70 signifies a bullish sentiment among investors. This optimism has also led to Bitcoin’s price rising by 3.33% to 121,706 USD, contributing to a global market cap increase of 2.38% to 4.05 trillion USD.
Extensive periods of greed often lead to price corrections. Historical trends show that after easing to 62, investor caution may be warranted. Traders should assess risk tolerance as Bitcoin approaches its all-time high, signaling potential market volatility in the short term.
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