Currently, the cryptocurrency market on Binance is witnessing a strong rise in several currencies, such as Bitcoin ($BTC ) and Ethereum (

$ETH ), due to the increased interest from investors, especially with the US elections. Bitcoin recently crossed the $75,000 threshold with an increase of about 7% in 24 hours, while Ethereum crossed the $2,500 level with an almost similar increase.

These increases are driven by positive expectations regarding Bitcoin, as analysts indicate that it can reach new record levels in the long term, expecting it to reach the $95,000-$120,000 range during the next year. This optimism is reinforced by the fact that the “Fear and Greed” indicator remains in the “Greed” zone for the current month, reflecting the great demand for buying in the current market.