Bitcoin's Rise: $90,000 Threshold Surpassed

The Rise of Bitcoin and Market Sentiment

Recently, 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 yesterday, but is currently trading at $92,500. During this process, altcoins have also started to move, attracting the attention of investors. In particular, Ethereum, the largest altcoin in the market, is trading at $3,100.

Sentiment Index Rises to Neutral Level

The CoinMarketCap Crypto Fear and Greed Index, which measures the sentiment of crypto investors, has shown a remarkable increase. The index has risen to 42 for the first time since October, reaching a “neutral” state. This indicates that investors are replacing the fear experienced in previous months with confidence. Considering that the index dropped to 10 in November, this is quite a positive development.

Geopolitical Developments Play a Role

According to Min Jung, a research partner at Presto Research, Bitcoin's ascent is part of a broader market rise. Investors are reportedly looking for opportunities to take new positions in the first week of the new year and believe that Bitcoin's current levels are attractive. Additionally, geopolitical developments that cause fluctuations in global markets are being closely monitored by investors.

Institutional Investments and Macroeconomic Factors

Nick Ruck, director of LVRG Research, noted that Bitcoin's rise is related to the renewed interest of investors as the new year begins and the increase in institutional investments. Ruck emphasizes that investors are paying attention to the important resistance level at $95,000 and the macroeconomic developments expected in 2026.

Reflections of Developments on Crypto Assets

Jeff Ko, chief analyst at CoinEx Research, evaluated the impacts of U.S. operations in Venezuela on crypto assets, stating that the news has been positively received in the crypto markets. Particularly, during weekends when traditional financial markets are closed, crypto assets attract the attention of investors. The reopening of U.S. stock markets could be a significant factor supporting Bitcoin to surpass $92,000.