$BITCOIN is having its best week in a while — it broke back above $80,000 for the first time since mid-May, extending a roughly 25% climb over the past seven days. It briefly touched around $81,000 before settling back to about $78,800 (Bloomberg) , still well off its October peak near $126,000. Analysts are watching whether this is a real trend reversal or just a short squeeze, since falling futures open interest and cooling funding rates suggest the rally is on healthier footing than earlier bounces. (CoinDesk)
The wider market is riding the same wave — total crypto market cap is up around 2% to roughly $2.75 trillion, with sentiment firmly in "Greed" territory after weeks of fear. (Coin Gabbar)
On the less cheery side, a Las Vegas man was just convicted for running around $24 million.
Heads up: a lot of what's floating around today under "crypto news" is actually sponsored presale promo content (AlphaPepe and similar), not real news — worth ignoring or treating skeptically if you come across it.
$BITCOIN #BTC #Crypto #CryptoNews #Ethereum #CryptoMarket #BullRun #CryptoScam #DeF #BTC80K
1..Given BTC is still ~35% below its October peak (~$126K), is "recovery" the right word yet?
2..With Fear & Greed swinging from 26 to 74 in a month, how much should sentiment data actually influence trading decisions?