Crypto investors exhibit ‘extreme greed’ as bitcoin crosses $18,000

[sneakyboi]

Crypto investors exhibit ‘extreme greed’ as bitcoin crosses $18,000

The current sentiment of the cryptocurrency market is showing "extreme greed," according to Crypto Fear & Greed Index by tracker Alternative.me.

The index has hit a high of 91 points, its largest since June 26, 2019, as bitcoin continues to soar. About a month ago, the index was exhibiting "fear," at around 50 points.

The extreme greed comes as bitcoin is touching new heights. Its price has now crossed the $18,000 mark, and market capitalization has breached its previous all-time high record, according to TradingView. The surge to $18,000 occurred fast, within a few hours, as bitcoin was trading at around $17,000 levels a day ago.

Learn more about the news here.

[Astra]

Is the extreme greed of investors that they intend to sell some of their bitcoins in the event of a significant price increase?  So this is normal for any market.  This factor can play a key role in the future, which will prevent bitcoin from reaching too high a price.  The second similar factor is the fear of losing your money invested in cryptocurrency.  When bitcoin rises in price rapidly, any negative information can provoke a domino effect, after which the price can collapse in a matter of hours.  Therefore, next year will be very dramatic for Bitcoin.