Greed among cryptocurrency investors soars to the highest level ever recorded
The cryptocurrency market has been on a consistent and remarkable rally since the beginning of November. Most cryptoassets are trading at levels not seen since 2017 and early 2018. Bitcoin, for instance, rocked to $19,500 before retreating to slightly under $18,000.
Bullish markets are usually characterized by uncalculated speculation and even greed. As the prices rally, investors tend to enter the market, hoping that the bull cycle will continue to undefined levels, as discussed earlier this week. Sudden price corrections are also common and leave many investors bleeding profusely.
