[Bitcoin: Fear and Greed Index Shows Extreme Enthusiasm! 】
The Bitcoin Fear and Greed Index has been above 80 points for many consecutive days recently, indicating that the market is in an "extremely optimistic" state, with Trump's election as President of the United States in 2024 being a key driving factor.
Since November 12, the index has reached a high of 88 points, reflecting market optimism for Bitcoin. On November 13, the price of Bitcoin broke through $93,000 to reach an all-time high and is currently trading at $89,500, with the index falling back to 80 points. The overall crypto market experienced an overall rise after Trump won the election, with major currencies experiencing significant gains.
Ethereum’s Fear and Greed Index reached 81 points on November 12, entering the “extremely optimistic” zone. The highest price of ETH exceeded $3,400 on the same day, but it is currently back to $3,099, still short of the 2021 historical high of over $4,600.
The Dogecoin (DOGE) index is the highest of all cryptocurrencies, reaching 91 points yesterday, indicating high market sentiment. DOGE price once exceeded $0.42 and is currently stable at $0.37, a 200% increase from a month ago.
Analysts believe Bitcoin prices could top $100,000 by the end of November. Key dates to watch include November 18, which could determine whether the current rally can continue, and December 1, which could lead to a new bull run. With market sentiment running high, the next few weeks may be an important turning point for the crypto market.