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For comparison, three days ago, on Oct. 11, the index value was equal to 32 and almost signaled extreme fear. Three days later, this value is more than 128% higher and is already approaching levels that signal extreme greed. managed to grow by more than 7.5% and reached the $68,000 mark.
As usual, this move was accompanied by noisy news headlines, both bullish and bearish. It was also accompanied by regulatory twists and turns, as well as what was happening in the U.S. political arena ahead of the November elections. Either way, what seemed like an uncertain storm amid a series of red and green candles and general fear drove Bitcoin to its highest price for a major cryptocurrency since late July. That is where the switch to greed came in.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Grayscale Makes Biggest Crypto ETF Push With XRP in Focus
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