Bitcoin Surge: $90,000 Threshold Surpassed

The Rise of Bitcoin and Market Sentiment

In recent days, a significant improvement has been observed in the cryptocurrency world. Bitcoin has surpassed $90,000, gaining over 1% in value. According to CoinMarketCap, Bitcoin managed to rise to $93,000 the day before, but is currently trading at $92,500. During this process, altcoins have also been active, attracting investors' attention. Specifically, the largest altcoin in the market, Ethereum, is trading at $3,100.

Sentiment Index Rises to Neutral Level

The CoinMarketCap Crypto Fear and Greed Index, which measures the sentiment of cryptocurrency investors, shows a notable increase. The index has risen to 42 for the first time since October, becoming "neutral." This indicates that investors have shifted from fear experienced in recent months to confidence. Considering that the index dropped to 10 in November, this is a very positive development.

Geopolitical Developments are Influential

According to Min Jung, a research partner at Presto Research, Bitcoin's rise is part of a broader market uptrend. It is noted that investors are looking for opportunities to take new positions in the first week of the new year and believe that the current levels of Bitcoin are attractive. Additionally, geopolitical developments are causing fluctuations in global markets, prompting investors to monitor the situation closely.

Corporate Investments and Macroeconomic Factors

Nick Ruck, director of LVRG Research, stated that Bitcoin's rise is related to renewed interest from investors with the new year and an increase in corporate investments. Ruck emphasized that investors are paying attention to the important resistance level at $95,000 and the macroeconomic developments expected in 2026.

Reflection of Developments on Crypto Assets

Jeff Ko, chief analyst at CoinEx Research, assessed the effects of U.S. operations in Venezuela on crypto assets, stating that the news has been positively received in the crypto markets. Especially during weekends when traditional financial markets are closed, crypto assets are attracting investors’ attention. The opening of the U.S. stock markets may be a significant factor in supporting Bitcoin's rise above $92,000.