30s Summary

On November 10, Bitcoin reached over $81,000, the highest in seven months, according to the Crypto Fear and Greed Index. The index also hit the “Extreme Greed” zone and Bitcoin has maintained a score of between 70 and 78 since then. A 6.15% rise led to an all-time high of $81,358 on November 10, and it has since dropped slightly to $80,182. Google searches for “Bitcoin” have increased sharply in the past week, and industry experts suggest Bitcoin may continue to grow until President Trump’s inauguration in 2025.

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Hey there, it’s been a hot minute in the crypto world. On November 10, Bitcoin was riding sky-high at over $81,000. The day also saw the Crypto Fear and Greed Index match this enthusiasm, reaching its highest level of ‘greed’ in nearly seven months. It scored a crazy 78 out of a possible 100. We haven’t seen such numbers since April 12, back when Bitcoin was making waves at around $70,000. Good times, right?

Here’s a fun fact – Bitcoin first hit the “Extreme Greed” zone (75-100) on Halloween and has been chilling there ever since, oscillating between 70 and 78 for the past week. That was also around the time Donald Trump got re-elected for his presidential term. Talk about timing!

But wait, there’s more. Bitcoin had a 6.15% surge to reach a new all-time high of $81,358 on Nov. 10. It’s cooled down to $80,182 since then, but the Crypto Fear and Greed Index score is still pretty high at 76 out of 100 as of Nov. 11.

The smart cookies in the industry predict that Bitcoin will have even more room to grow before Trump’s inauguration on Jan. 20, 2025.

So, what’s this index all about again? Well, it’s a neat tool that calculates a score based on stuff like market volatility, trading volume, what people are saying on social media, Bitcoin’s dominance and latest trends. There used to be surveys too, but that’s currently on a pause.

In other news, Bitcoin’s recent price surge has got the public’s attention again. Google searches for “Bitcoin” have spiked considerably over the last week, though we’re not quite back at the insane levels reached in late May 2021.

A fun little sidenote: All this positive vibe around Bitcoin can be somewhat attributed to Trump’s electoral win and the rise of pro-crypto politicians in the US Senate and House of Representatives for the 2025-2029 term. Also, the future might be even brighter for Bitcoin enthusiasts if Trump keeps his promise to take Gary Gensler out of his SEC Chair spot. A change like this might lead to more crypto-friendly goings-on. If that happens, Mark Uyeda, an SEC commissioner who’s quite critical of the SEC’s approach to regulation, could be set to take Gensler’s place, as per crypto lawyer Jake Chervinsky.