Bitcoin adds 4% per day and trades about $16,600. The crypt currency was slowly but surely approaching $17,000, but when it reached $16,800, the upward momentum began to dwindle. Despite the impressive growth, the greed and fear index for Bitcoin and the largest cryptovoltaic currencies dropped 4 points a day to 86, remaining in the "extreme greed" area. A decrease in the degree of Bitcoin purchases leads to a decrease in the index, but allows the price to develop growth.
In a sense, we now see a similar situation with the stock market in the context of bitcoin. Everyone understands that stocks are overbought, but the fundamental conditions are that buyers are still there and sellers are not in a hurry to exit.
During the last day, not only bitcoins were growing, but almost all altocoins as well. The most impressive figures are those of XRP and lightcoin, which jumped in price by 11.5%. Coins from the top 100 are also almost all moderately in the green zone. In addition, demand is returning to DeFi. Thus, the YFI coin grew by 12% in one day and once again surpassed $20,000. The total capitalization of cryptovoltaic currency has increased in a day by almost 13 billion to 475 billion dollars, getting closer to an important psychological threshold".
