Bitcoin Reaches New Heights with a Surge to $64,000 🚩

Irma - Feb 29 - - Dev Community

πŸ“ˆ 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 Bitcoinβ€˜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.

πŸ“‰ The Crypto Fear and Greed Index, currently at 80, signals β€œextreme 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.

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