Dracula
@dracz
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Bitcoin Price Blasts Past $82,000, Sparking âExtreme Greedâ in Crypto Market
With the price of Bitcoin surging to a new all-time high above $82,000 Monday morning, optimism among crypto investors has reached extreme levels.
A key market sentiment gauge, the Crypto Fear and Greed Index, surged to an âExtreme Greedâ reading of 78 out of 100 Sundayâmarking its second-highest level this year after March's peak of 82. By Monday morning, it had receded to a reading of 76.
The dramatic shift in market sentiment has seen the index move from neutral (49) just 30 days ago to its current elevated position. Typically, it indicates a market environment characterized by heightened optimism and potential risk-taking behavior among investors.
A surge in sentiment coincides with Bitcoin jumping above $80,000 for the first time on Sunday, reaching a new all-time high above $82,100 Monday morning, up 3.6% on the day, per CoinGecko data. 0 reply
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Mt. Gox Moves $2.2 Billion in Bitcoin Following Repayment Timeline Extension
The defunct crypto exchange has transferred its largest Bitcoin batch in months, a week after extending its repayment timeline.
Mt. Gox moved another $2.2 billion worth of Bitcoin on Monday amid an extended period of volatility that has seen the crypto oscillating between $73,000 and $65,000 over the past few weeks.
The defunct crypto exchange's recent transfer was identified through wallets tracked by blockchain analytics firm Arkham Intelligence, which disclosed the movement of 32,371 BTC, with the majorityâ30,371 BTCâdirected to wallet address "1FG2CâŠRveoy."
An additional 2,000 BTC was initially moved to a Mt. Gox cold wallet before being transferred to a separate unmarked wallet, Arkham data shows.
It comes as Bitcoin briefly slid below $68,000 during Asian market trading, recording a 1% decline over 24 hours. The asset has since clawed back losses, trading at $68,700.
Market analysts anticipate heightened volatil⊠0 reply
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