Today's Highlights

Bitcoin

The Fear and Greed Index, a kind of thermometer that measures the sentiment among investors, is showing levels of euphoria not seen in months. Traders would be buying Bitcoin BTC and cryptocurrencies driven by the well-known FOMO fear of missing out. Let me explain what this is all about so that you don't hear it from someone else.

Markets are insatiable with Bitcoin

The Bitcoin and cryptocurrency market is experiencing days of euphoria. The unstoppable rise of BTC is rekindling investors' risk appetite, who see the digital asset as an opportunity to make profits. This feeling of euphoria is reflected in the Fear and Greed Index, which has reached levels not seen since last May, indicating that most traders are optimistic and willing to take on greater risks.

With just a few days before the presidential elections in the United States, investors are paying close attention to the possible implications that a victory by Donald Trump or Kamala Harris could have on the cryptocurrency market.

Both candidates, at different levels, have expressed their support for the industry, generating positive expectations. However, polls seem to favor Trump, who has promised a more friendly regulation for cryptocurrencies, which could further boost the price of Bitcoin.

ETF managers have spoken about what price Bitcoin will reach.

The managers of the Bitcoin exchange-traded funds (ETFs) are playing a fundamental role in the rise of the price of the digital asset and are already giving their price predictions for the short and long term. Regarding the forecasts, there are predictions for every taste.

For example, Bitwise, which manages the Bitwise Bitcoin ETF BITB and has 42,839 BTC, believes that if Donald Trump wins the elections, the price of Bitcoin could reach about $92,000. The same firm considers that Bitcoin could be worth $250,000 in the coming months.