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The Cryptocurrency Market Sentiment Remains

In a recent tweet by CZ, the CEO of Binance, the fluctuating price of Bitcoin and its growing utility were highlighted. The tweet coincided with Bitcoin’s price surging above

The cryptocurrency market sentiment remains in extreme fear, with the Fear and Greed Index rising to 24 today, indicating a pessimistic outlook among investors.

CZ, co-founder of Binance, forecasts Bitcoin hitting $500,000 to $1 million during this market cycle, fueled by institutional inflows, expanding government accumulation

It

A recent tweet published by it reveals that a massive 344,620 new wallets have joined the Bitcoin network as FOMO soared to a high degree – “fear of missing out.”

It’s safe to say CZ is bullish on bitcoin and crypto’s future. Changpeng Zhao visited CNBC’s Squawk on the Street and flipped the prevalent bearish narrative on its head.

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Cryptocurrency Market Sentiment Remains in Extreme Fear

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This Sudden Downfall Of Bitcoin

This sudden downfall of Bitcoin spurred extreme fear in the market. The ‘Fear & Greed’ index of BTC veered into the extreme fear zone as several began panic selling.

In a recent tweet, Changpeng “CZ” Zhao, the CEO of Binance, drew attention to the dynamic nature of Bitcoin’s price and its increasing practicality. The tweet was timely, aligning with

Binance CEO CZ More Bullish On Bitcoin, Here's Why - CoinGape