The self-proclaimed "cryptocurrency supporter", Donald Trump, has just become the President of the United States, causing the prices of cryptocurrency assets to skyrocket. Bitcoin, leading the surge, has reached $99,500, up nearly 50% since the election. 🎉
One of the main reasons is the Bitcoin ETFs in the U.S., attracting nearly $5 billion after the election. BlackRock’s IBIT leads with nearly $31 billion AUM. Santiment suggests that the market moves contrary to the expectations of the majority, thanks to the skeptics who have helped this historic rally.
Even though BTC is nearing $100K, the question "When?" remains open. FOMO is low, but the Fear and Greed index is rising, which could signal an upcoming correction. ⏳