30s Summary

The crypto market, particularly Bitcoin, is showing signs of overheating, sparking predictions of a minor crash. Investor excitement recently reached an 80 on the Fear & Greed Index when Bitcoin exceeded $85,000, pointing to a potential downturn. Despite the potential of a price drop, Bitcoin’s future until 2025 is anticipated to be stable. Crypto.com CEO, Kris Marszalek, warns of the risks of heavy borrowing for crypto investments as leverage is at its highest in a year, indicating the need for a market clean-out before Bitcoin could reach $100,000. Regardless of a potential dip, future price increases are expected due to the bullish market sentiment backed by Donald Trump’s presidency.

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The crypto market is heating up too fast and could be due for a cool-down soon. Some insiders are saying we might see a mini-crash before we can cheer for higher prices again.

All the buzz around Bitcoin has made crypto investors really eager. On November 12, investor excitement hit an 80 on the Fear & Greed Index, the same day after Bitcoin went beyond the $85,000 mark.

The last time folks were this excited about Bitcoin was on April 9, just before its price took a 18% dive in the weeks after. Still, most Bitcoin experts believe we should be seeing a pretty chill run for Bitcoin going into 2025.

Bitcoin was getting close to $90,000 on November 12, on track for its best week since the 2023 banking crisis in the U.S. This boom added a cool $413 billion to its total value in a week.

However, before we can all cheer for Bitcoin hitting $100,000, some reckon there needs to be a bit of a clear-out first.

Kris Marszalek, the big boss of Crypto.com has put out a word of caution. He reckons people are borrowing too much to invest in crypto, which could be risky. Marszalek tweeted: “Leverage needs to be cleaned up before attack on $100k. Please manage your risk carefully.”

To make things clear, the level of borrowed money used for crypto trading across all exchanges is at 0.217, the highest it’s been in a year.

While it might be a bumpy ride, Donald Trump winning the Presidency might be another reason why Bitcoin prices could keep going up. Shunyet Jan, a top gun at Bybit, said: “Both retail and institutional investors are keen on making the most of any potential increase. High funding rates show just how much appetite there is as people keep counting on Bitcoin.”

Many reckon Bitcoin might break the $100,000 barrier by the end of 2024, driven by a potentially improved economy thanks to Trump’s presidency.