Bitcoin Price Surges to $106K with Market Sentiment at Extreme Greed
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Bitcoin's recent surge to $106,000 reflects an intense wave of FOMO (Fear Of Missing Out) among investors. CK Zheng, a notable figure in the crypto space, believes this rise can be attributed to a 'Santa Claus mode' phenomenon. As a result, investors are increasingly allocating capital into Bitcoin, driving market sentiment into a state of extreme greed. This development highlights the influence of psychological factors on cryptocurrency markets, where fear of missing lucrative opportunities can lead to significant price movements.
Source : coinpaper.com ↗
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