Bitcoin 
$68,412While , Ethereum is approaching 70 thousand dollars with an increase of 10.68% this week 
$2,647Other cryptocurrencies such as , Solana and XRP also made significant gains. The Crypto Fear & Greed Index, which measures market sentiment, peaked at 73 in October, indicating the market is driven by greed.
Profitable Cryptocurrencies
dogecoin 
$0.142784increasing by 30% weekly, making the highest gain among the top ten cryptocurrencies by market capitalization. Dogecoin is currently trading at $0.144. According to CoinMarketCap data, other altcoins also took part in this rise.
Factors Attracting Market Interest
The market’s uptrend is supported by interest from both retail and institutional investors. Swissblock analysts stated that Bitcoin may move towards unknown areas in the coming period. In addition, the increasing interest of institutional investors and flows to Spot Bitcoin funds in the USA are also considered positive indicators for the market.
In their assessment, Swissblock analysts said, “FUD, red days and turmoil cost us money, but now we are here and moving towards the long-awaited post-halving bull market.” he said.
Market Expectations and Analyst Opinions
Analyst Michaël van de Poppe stated that significant changes are imminent after the long downward trend of altcoins. Moreover, according to Swissblock analysis, Bitcoin’s rise has become increasingly correlated with macroeconomic data and aligned with traditional finance.
Finally, the strong performance of Bitcoin and other cryptocurrencies shows that the market is reviving after emerging from negative periods. However, high levels of greed indicate that investors should be careful.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
