Bitcoin Returns To 'Greed' Territory After Crossing $30K Mark — But Crypto Shorts Suffer A Huge Blow
Portfolio Pulse from Mehab Qureshi
Bitcoin (BTC) has crossed the $30,000 mark, returning to the 'greed buy zone' as investment companies like Fidelity, Invesco, Wisdom Tree, Valkyrie, and BlackRock apply for spot Bitcoin ETFs with the SEC. The Crypto Fear & Greed Index indicates a 'greed' mentality among investors, while 61,723 traders faced liquidation in the past 24 hours, totaling $215.77 million.
June 22, 2023 | 6:45 am
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Bitcoin crosses $30,000 mark as investment firms apply for spot Bitcoin ETFs with SEC, indicating a 'greed' mentality among investors. Liquidations and short positions have been affected.
The surge in Bitcoin's price past $30,000 is driven by investment firms applying for spot Bitcoin ETFs with the SEC, indicating a 'greed' mentality among investors. This has led to a significant number of liquidations and short positions being affected, which could further drive the price up in the short term.
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