Analyst: “We are now clearly in a bull market phase” as bitcoin hits highest level since February

From sherwood.news

Bitcoin jumped past $78,500 Wednesday, its highest level since early February. The asset is up 3% over the past 24 hours as optimism builds following President Trump’s extension of the ceasefire with Iran. So far this month, bitcoin is up 14.77%, surpassing April’s historical average of 11.47%, according to CoinGlass. Underscoring the enthusiasm, CoinMarketCap’s Crypto Fear and Greed Index stands at 62 (greed), its highest level since late July. “We are now clearly in a bull market phase, characterized by the market shrugging off negative news, including the re-closure of the Strait of Hormuz and the very ... (full story)