#ChartoftheDay The Crypto Fear & Greed Index from alternative.me reached 90, indicating extreme greed.

With Bitcoin price hovering around $90,000 and the spot ETFs’ market gradually maturing, more and more public companies and governments are considering taking Bitcoin as a strategic reserve asset, contributing to the surge in this index. For instance, Nasdaq-listed Cosmos Health announced on Nov 18 that it has adopted a strategy to include Bitcoin and Ethereum as part of its treasury reserve assets. And NYSE American-listed public company Genius Group Limited announced last week that it plans to allocate 90% or more of its current and future reserves to Bitcoin.

Meanwhile, Trump’s upcoming tenure is widely expected to be favorable for the development of the crypto industry. Market critics anticipate more regulatory frameworks related to digital assets will be established during his tenure, resulting in accelerated business adoptions. According to media reports, Trump will privately meet Coinbase CEO Brian Armstrong to discuss personnel appointments for his second administration.

Also, both Binance Founder Changpeng Zhao (CZ) and MicroStrategy Co-Founder Michael Saylor recently made supportive comments on Bitcoin-based treasury strategies.

Are we witnessing the formation of a more crypto-friendly environment? Let’s wait and see.

#CryptoNewss #BTC☀ #bitcoin☀️ #CryptoMarketTrend #CryptoTradingPrediction