(BTC) has continued to commerce close to the $55,000 stage. The sharp rally in Bitcoin has pushed its market dominance from 40.70% on Sep. 12 to about 45% on Oct. 11. This exhibits that the sturdy restoration in cryptocurrencies has been led primarily by Bitcoin.
This sharp run-up in Bitcoin has pushed the Concern and Greed indicator into the Greed zone. Though this indicator means that markets could have run up shortly in a short while, it doesn’t essentially sign a confirmed short-term high.
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