{"id":814732,"date":"2024-12-25T02:31:44","date_gmt":"2024-12-25T08:31:44","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/25\/greed-returns-to-crypto-as-analysts-call-for-bull-run-into-uncharted-territory\/"},"modified":"2024-12-25T02:31:44","modified_gmt":"2024-12-25T08:31:44","slug":"greed-returns-to-crypto-as-analysts-call-for-bull-run-into-uncharted-territory","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/25\/greed-returns-to-crypto-as-analysts-call-for-bull-run-into-uncharted-territory\/","title":{"rendered":"Greed Returns to Crypto as Analysts Call for Bull Run Into \u2018Uncharted Territory\u2019"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<div id=\"blockquote-block_8c0187cae9e4f4f3a7d2c44079442d53\">\n<ul>\n<li>Bitcoin approaches US$70k, marking a 10.68% increase this week, while Ethereum, Solana, and XRP also record significant gains.<\/li>\n<li>Dogecoin emerges as the top performer with a 30% weekly surge, indicating strong market enthusiasm.<\/li>\n<li>The Crypto Fear &#038; Greed Index hits 73, pointing to a greed-driven market as it reaches the highest level in October.<\/li>\n<li>This market uptrend, driven by both retail and institutional interest, may propel Bitcoin into uncharted territory.<\/li>\n<\/ul>\n<\/div>\n<p>Bitcoin and Co are continuing their upwards trend, as the Crypto Fear &#038; Greed Index jumps to heights not seen since July 2024. The index is signalling <em>Greed <\/em>as the value hits 73, the highest in October.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfrewuvOf3K-W3rpGBvWfTEWTB-6czGaTKngnfsRNcGn9abTk9NAuVYemLGk0d9Gflky6tDhpDzGikzDWplLORWWdyXacohQyiqCRv-YnenJvImCNW7pPjv9pVDu_5qFSHLI7JdLSCXO6uhSNlGZqXXVPFk?key=117B-RMksViWYpSNtMCRrg\" alt data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><figcaption>Crypto Fear &#038; Greed Index, source: alternative.me<\/figcaption><\/figure>\n<p>Meanwhile,<a href=\"https:\/\/cryptonews.com.au\/category\/bitcoin\/\"> Bitcoin<\/a> is fast approaching the US$70k mark, currently trading for US$69,424 (AU$103,468), an increase of 10.68% in the past week.<a href=\"https:\/\/cryptonews.com.au\/category\/ethereum\/\"> Ethereum<\/a> (+12.12%), Solana (+14.82%) and XRP (+3.58%) are also up.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/us-sec-gives-go-ahead-for-spot-bitcoin-options-listings-on-nyse-124075\/\"><strong> <\/strong><strong>US SEC Gives Go-Ahead for Spot Bitcoin Options Listings On NYSE<\/strong><\/a><\/p>\n<p>The biggest gainer out of the top ten cryptos by market cap is Dogecoin (<a href=\"https:\/\/cryptonews.com.au\/category\/dogecoin\/\">DOGE<\/a>), which has surged 30% week-on-week. DOGE currently trades for US$0.144 (AU$0.208), as data from CoinMarketCap shows.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdDyIL9UkRjI_0MqE8gSSHl2zfwYf8au1T1krA7GtDSG2ICaa_NX0xw5tJkaEQT30pOHGkx8aXJuPb7tXKimCmZJAHKlYIyW8odKJDj2RGO9WSiBviH2TkWcRrmSeqxHIfQBZGzlsd7n7BX2Y6I9Mr2LD_0?key=117B-RMksViWYpSNtMCRrg\" alt data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><figcaption>Dogecoin (DOGE), weekly chart, source: CoinMarketCap<\/figcaption><\/figure>\n<h2 id=\"h-uptober-rally-sparks-retail-interest\">Uptober Rally Sparks Retail Interest<\/h2>\n<p>Part of the renewed interest in the market is evidenced by the strong price action and the return of greed.<\/p>\n<p>The crypto market is highly emotional,<a href=\"https:\/\/cryptonews.com.au\/news\/analysts-keep-eyes-firmly-on-135k-bitcoin-target-despite-short-term-risks-123896\/\"> often influenced by greed and panic<\/a>. The Fear and Greed Index measures Bitcoin sentiment on a scale from 0 (Extreme Fear) to 100 (Extreme Greed) to help investors make rational decisions, identifying potential buying opportunities during fear and warning of corrections during greed.<\/p>\n<p>However, it shouldn\u2019t be used as the sole tool for market entry. For example, take July, when the Index was around a similar greed stage. Not long after, BTC dropped by around 20%.<\/p>\n<p>Of course, that\u2019s not always the case and often greed leads to FOMO and more buying, as we saw in December 2023, when Bitcoin continued to rise despite the <em>Greed<\/em> status.<\/p>\n<p>And not to forget that while Bitcoin had a good run, most altcoins are still stuck in a bear market. Analyst Micha\u00ebl van de Poppe believes it\u2019s the longest altcoin bear market so far and anticipates that it will soon lead to some significant changes.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"500\" data-dnt=\"true\">\n<div lang=\"en\" dir=\"ltr\">\n<p>This is the longest <a href=\"https:\/\/twitter.com\/hashtag\/Altcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoin<\/a> bear market we&#8217;ve experienced.<\/p>\n<p>Longer than the 2014-2016 period and you&#8217;re still here.<\/p>\n<p>That&#8217;s great, as the bull market is around the corner and this will likely exceed your expectations.<\/p>\n<\/div>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1848088548043604192?ref_src=twsrc%5Etfw\">October 20, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 id=\"h-uncharted-territory-ahead-says-swissblock\">Uncharted Territory Ahead, Says Swissblock<\/h2>\n<p>Swissblock analysts believe that it\u2019s not only altcoins which will see more gains, Bitcoin itself should also \u201chead into uncharted territory\u201d, they wrote in a recent research note.<\/p>\n<div id=\"blockquote-block_e7ecfda792d8b89c4df73ba415d7db4a\">\n<p>It has cost us FUD, red days, and turmoil, but here we are, about to go through the breach toward the next battlefield that could take us to the long-awaited post-halving bull run.<\/p>\n<p><img decoding=\"async\" data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" src=\"https:\/\/cdn.cryptonews.com.au\/2024\/03\/15124714\/swissblock_technologies_logo.jpg\">        Swissblock    <\/p>\n<\/div>\n<p>A reason for the bullish outlook could be the increasing interest from institutional investors, evidenced by inflows into the<a href=\"https:\/\/cryptonews.com.au\/news\/us-spot-bitcoin-etfs-on-track-to-hold-one-million-btc-123612\/\"> US Spot Bitcoin<\/a> funds on a scale not seen since July 2024.<\/p>\n<p>According to Swissblock, the Bitcoin bull run is increasingly influenced by macroeconomic data due to quantitative tightening, aligning more closely with traditional finance.<\/p>\n<p><strong>Related:<\/strong><a href=\"https:\/\/cryptonews.com.au\/news\/concerns-raised-over-overseas-polymarket-bets-as-trump-outpaces-harris-124077\/\"><strong> <\/strong><strong>Concerns Raised Over Overseas Polymarket Bets as Trump Outpaces Harris<\/strong><\/a><\/p>\n<p>While the US election, particularly a victory by<a href=\"https:\/\/cryptonews.com.au\/news\/trumps-world-liberty-financial-fails-to-take-off-labelled-uninteresting-money-grab-124046\/\"> pro-Bitcoin candidate Donald Trump<\/a>, could catalyse a market upswing, Swissblock point to stronger, inherent fundamentals which likely will drive Bitcoin\u2019s ascent towards new highs.<\/p>\n<p>Indicators of bullish price momentum and a neutral Bitcoin Risk Index further support this potential rise.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeZnFp8jlgmV4XjdcOYOIE5dKhE9cFcKmTKeIufcUJCnk_4P1SJe8mIvHP9qsBO9FVqbZUh9yim7nLhcY5K2793lmt-UjucjZlf6DC8HML1uA9LzDxRuViiSiXVhx5_76jBR6umiGHa_GlsWhnc-qD9cHV2?key=117B-RMksViWYpSNtMCRrg\" alt data-eio=\"l\" data-old-src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"><figcaption>Bitcoin Speedometer shows bullish price momentum\/neutral risk, source: Swissblock<\/figcaption><\/figure>\n<\/p><\/div>\n<p> Aaron Feuerstein <a href=\"https:\/\/cryptonews.com.au\/news\/greed-returns-to-crypto-as-analysts-call-for-bull-run-into-uncharted-territory-124084\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin approaches US$70k, marking a 10.68% increase this week, while Ethereum, Solana, and XRP also record significant gains. Dogecoin emerges as the top performer with a 30% weekly surge, indicating strong market enthusiasm. The Crypto Fear &amp; Greed Index hits 73, pointing to a greed-driven market as it reaches the highest level in October. This<\/p>\n","protected":false},"author":1,"featured_media":814733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26451,530],"tags":[11476],"class_list":["post-814732","post","type-post","status-publish","format-standard","has-post-thumbnail","category-greed","category-returns","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/814732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=814732"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/814732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/814733"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=814732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=814732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=814732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}