Bitcoin Crosses $70K And FOMO Is Back, But Fear Still Grips The Market
Five months of losses may have set Bitcoin up for a rebound — and some traders think the bears are about to face their first real test this cycle. Related Reading: Solana ETFs Attract $540 Million From Wall Street In Q4: Data Oversold Conditions Catch The Market’s Attention Bitcoin climbed back above $70,000 on Tuesday, […]
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As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up.
Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO). Goldman now considers bitcoin a new asset class. Nonetheless, institutional investors are facing several strong barriers to entry into the crypto market. Asset Managers, Institutions Facing Crypto FOMO Goldman Sachs said Monday that the fear of missing out (FOMO) on potential gains from cryptocurrencies among investors has pushed crypto prices higher over the past year. Mathew McDermott, Goldman Sachs’ global head of digital assets, said in....
UBS, Switzerland’s largest bank, says that clients are looking at different investment alternatives and there is a bit of a fear of missing out (FOMO) when it comes to cryptocurrency investments. UBS Says There Is a Bit of Fear of Missing Out The CEO of UBS Group AG, Ralph Hamers, talked about cryptocurrency in an interview with Bloomberg’s Manus Cranny, published Tuesday. Given that a growing number of investment banks are offering crypto services or investments with exposure to cryptocurrencies to their clients, he was asked what UBS is doing for its wealth management clients....
The Fear & Greed Index suggests digital asset traders are fearful even after the latest price recovery above $82,000 that Bitcoin has observed. Crypto Fear & Greed Index Is Still Pointing At A Fearful Market The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among […]
With the bitcoin bull market back in 2021 had come a lot of what is referred to as ‘bitcoin tourists’. These are investors who are moved by the gains being made in the market and begin to FOMO (fear of missing out) on the digital asset as the price grew. Now that the bear market […]