Notably, this bullish trend has propelled the total crypto market cap past the $3 trillion mark on Nov. 12, although it later stabilized at approximately $2.97 trillion.

Adding to the exuberance, the Fear and Greed Index—a tool that gauges investor sentiment—has climbed to an exceptionally high score of 86, indicating a phase of extreme greed, the highest since March 2024, when the index briefly hit 92, right before BTC’s previous record-breaking peak.

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