CandleFocus Trump’s Bullish Crypto Era Begins as BTC Sets New ATH and ETH Breaks $3,100 in Record-Breaking Time
2024-11-10
Author: Content Editor
In summary, the Crypto Fear & Greed Index has entered 'Extreme Greed' sentiment with a score of 78, reflecting the highly bullish sentiment following Donald Trump's victory in the US Presidential elections. This sentiment is further supported by BTC setting five new all-time highs and ETH experiencing a surge in price after weeks of stagnation. BTC broke through $79,000 and ETH broke through $3,200, with the entire network being liquidated for $349 million in the past 24 hours. Many crypto analysts and traders expect BTC to reach a six-figure mark by the end of Q4, triggering a bullish altseason in Q1 2025. The market's bullish outlook is also driven by factors such as the US FED rate cut and the market printing for USD and USDT. Additionally, the crypto market is currently in the 'golden pocket' trading period between the US Election Day and Inauguration Day, which has historically been profitable for traders. The market is eagerly awaiting a break to $80,000 for BTC.
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