Bitcoin is back in 'FOMO territory'
After the recent sharp rise in the price of Bitcoin above the $70,000 mark, analysts have recorded a surge of interest and positive sentiment in the crypto community.
According to analytics firm Santiment, US President Donald Trump's comments on Iran helped trigger a Bitcoin rally, leading to increased activity and positive sentiment on social media around the first cryptocurrency.
It is important to note that such spikes usually precede a market correction. Santiment analysts note that Bitcoin has returned to the 'fear of missing out' (FOMO) zone, which is fraught with increased volatility in the short term.
Thus, despite the current bullish trend, investors should be cautious and not succumb to euphoria to avoid possible losses. It is necessary to soberly assess the market situation and follow proven investment strategies.