Bitcoin Reaches New Heights with a Surge to $64,000 🚩
📈 The largest cryptocurrency Bitcoin (BTC) surged past the $61,000 mark, briefly touching $64,000, a level not seen in over two years. This extraordinary price rise marked a period of impressive gains as Bitcoin‘s total market value exceeded $1.2 trillion last month.
⚠️ Matrixport’s co-founder Daniel Yan warned of a potential 15% correction, advising investors to prepare for a pullback to the range of $52,000 to $53,000 by the end of April. He highlighted macroeconomic events such as the Fed interest rate meeting and GDP figures as potential triggers for this correction.
📉 The Crypto Fear and Greed Index, currently at 80, signals “extreme greed,” reminiscent of the sentiment seen two years ago when Bitcoin reached a peak around $69,000. This cautionary signal urges investors to exercise caution amidst the market excitement.
