The total crypto market rallied this week, hovering around $3.23 trillion at press time. The extreme fear of a potential crypto bear market experienced during the fourth quarter has significantly reduced, with CoinMarketCap’s Fear and Greed Index hovering around 50/100, representing traders’ neutral position.
Top 3 Crypto Events This Week To Consider
Bitcoin Bullish Breakout
Bitcoin price recorded a bullish outlook and gold and major stock indexes experienced a pullback. Earlier this week, BTC price hit its 2-month high of around $97.7k before retracing to trade about $95.4k at press time.
As such, the BTC/USD pair is on the cusp of breaking out of a falling logarithmic trend to kickstart its parabolic growth in the near term….
