Why crypto market is going up – Is FOMO the real catalyst behind the rise?

Quick Summary:

When retail interest is high, it drives buying activity but can also cause a correction once buyers are exhausted.

However, if the current bullish momentum continues until the end of the year, it could lead to a bear market in 2025.

After the Republican Party won the 5th of  November US elections, the focus has now turned to the Senate leadership.  Speculation was rife that Florida Senator, Rick Scott, will take the position of Senate majority leader after he was endorsed by Tesla CEO, Elon Musk.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United States

Topics: News 1 BTC Trading View News Social Bitcoin Ambcrypto Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 15:00:41 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 695 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23518267

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 18 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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