Hitting a new all-time high again! Bitcoin once approached the $80,000 mark, what happened?
Cryptos are considered part of the 'Trump Trade' phenomenon. Since the election began, investors in the crypto market have been betting on Trump's victory, resulting in a significant rise across the crypto board and a fervent trading atmosphere in the market.
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Due to the extremely violent fluctuations before the bull market started, and the market sentiment escalated very quickly, many investors were empty-handed in the first phase of the rise, which also led to the market's sentiment remaining very anxious. So, should investors who are empty-handed or lightly positioned chase after higher prices?
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