- Bitcoin's price has reached $122,150, a 3.3% increase from the previous day.
- The Crypto Fear & Greed Index score remains in the "Greed" zone at 70 out of 100, indicating that social market sentiment isn't too overheated.
- Google search interest for Bitcoin has only risen modestly in the last week, suggesting that the rally may not be overcooked.
- The price of Bitcoin has helped push the total crypto market cap to a new all-time high of $4.14 trillion.
https://cointelegraph.com/news/bitcoin-rises-above-122000-after-positive-week
Posted by CriticalCobraz
4 Comments
I was expecting the death knocking on doors meme at this point 🙃
this is getting all rather exciting isn’t it.
tldr; Bitcoin surged past $122,000, nearing its all-time high, driven by bullish momentum from a U.S. executive order allowing cryptocurrency in 401(k) plans and significant Bitcoin ETF inflows. Henrik Andersson of Apollo Crypto noted the move was overdue after a period of consolidation. The executive order could unlock $9 trillion for the crypto market. Bitcoin ETF issuers purchased $773 million worth of Bitcoin recently, while Michael Saylor hinted at further acquisitions. The total crypto market cap hit a record $4.14 trillion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
👍👍👍👍👍🥰