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Bitcoin hits new all-time high of $72,700 but one index warns we’re in ‘extreme greed’ territory
The crypto scene continues to remain so hot that bitcoin is hitting one new high after another. It surpassed $72,700 on Monday. This was initially driven
The total crypto market cap across all tokens has increased 10% on the week to $2.71 trillion, with bitcoin making up 52.7% of that amount. While many are feeling the hopium, there’s at least one indicator that thinks we’re nearing the top of the highs, with price dips to quickly follow. With that said, bitcoin has remained the main focus for retail and institutional investors, with $2.6 billion inflows on the week, aka money being put into the asset, and $9.9 billion year-to-date, according to CoinShares’ Digital Asset Fund Flows Weekly Report.
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