Bullish excitement among crypto investors: Breathless rise!

The Crypto Fear and Greed Index, which measures the sensitivity of the cryptocurrency market, reached its highest level in seven months on November 10th as Bitcoin surpassed $81,000.

The Index shows increased enthusiasm among cryptocurrency investors, recording a score of 78 in the 'Greed' zone. Bitcoin entered the 'Greed' zone (75-100) for the first time on October 31st and has been ranging between 70 and 78 throughout last week. Meanwhile, Donald Trump, who won the US presidential election, had a positive impact on the market. Bitcoin broke a new record on November 10th, rising by 6.15% to $81,358. The Fear and Greed Index also dropped to 76 as of November 11th.

Positive data for cryptocurrencies: Bitcoin searches are increasing on Google

The upward momentum in Bitcoin seems to have attracted more individual investors in the past week. Searching for the word Bitcoin on Google has significantly increased. However, this interest is far behind the previous bull market. According to Google Trends data, current search interest in Bitcoin is limited to 48 points out of 100 compared to the peak at the end of May 2021.

Trump's victory ignited the bull market season

Cryptocurrencies, which are on a positive trend, have been strengthened by Trump's victory and more crypto-friendly politicians in the House of Representatives. If investors see Trump fulfill his promise of removing SEC Chairman Gary Gensler from office, they may witness a more favorable Securities and Exchange Commission (SEC). A decrease in regulatory pressure could also pave the way for stronger upward movements in Bitcoin.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.