Bitcoin Soars Amid a Perfect Storm of Global Change
Why are investors feeling more optimistic than ever about Bitcoin? From sentiment indicators to market dynamics, here’s what’s sparking all the excitement.
Historic highs and market dynamics
Bitcoin (BTC) is experiencing a remarkable resurgence after a prolonged period of volatility.
As of Nov. 12, BTC is trading near the $90,000 mark, currently around $87,000 levels. Earlier today, it reached a new all-time high of $89,900, reflecting a substantial 25% surge over the past week alone.
Notably, this bullish trend has propelled the total crypto market cap past the $3 trillion mark on Nov. 12, although it later stabilized at approximately $2.97 trillion.
Adding to the exuberance, the Fear and…
