Bitcoin has once again gained attention by rising above $25,000 for the first time in more than two years. Bitcoin has not reached this level since December 2021, showing a notable increase in value since then. Even though Bitcoin experienced a significant 64% decrease in value in 2022, it has had an impressive trajectory since the start of the previous year. Bitcoin’s worth has tripled due to factors like increased institutional adoption and growing mainstream acceptance, solidifying its reputation as a reliable store of value and investment option. According to data from Binance, Bitcoin has exceeded the $50,000 threshold, hitting a peak of $50,503. This sudden increase grew by 3.7% in just one day, with a significant 17.7% increase over the course of the week. The increase in Bitcoin’s value has also led to substantial profits in other cryptocurrencies like STX ORDI. Market analysts attribute this surge to the ongoing increase of Bitcoin ETFs and a significant decrease in selling pressure from companies such as Grayscale. Source. Despite the enthusiastic response to Bitcoin’s quick rise, concerns are emerging about market sentiment, as indicated by the Crypto Fear & Greed Index reaching “Extreme Greed” at 79, the highest level since November 2021.