On March 4, 2024, Bitcoin (BTC) surged above $65,300, coming close to its all-time high.

However, BTC has since dipped slightly and is currently trading at $65,050, with just 6% left to reach its all-time high, according to CoinMarketCap. Trading volumes have also seen a significant increase, rising by 80% to $40 billion.

The fear and greed index, as reported by Coinstats, is currently at 82 points, indicating “extreme greed” in the market. This can be a sign of FOMO sentiment prevailing among investors.

Meanwhile, Ethereum (ETH), the second largest cryptocurrency, has seen a price surge above $3,500. ETH is testing a multi-year high, reaching $3,520, a level not seen in over two years.

Among the top 10 cryptocurrencies by market capitalization, Cardano (ADA) and Dogecoin (DOGE) have shown significant growth, with 8% and 24% increases respectively. Additionally, the stablecoin USDT has reached a market capitalization of $100 billion, marking a 9% increase since the beginning of the year.

Crypto analyst PlanB has previously predicted that Bitcoin could surpass $100,000 during the 2023-2024 bull run. Known for his accurate predictions using the stock-to-flow (S2F) model, PlanB suggests that Bitcoin’s price could potentially reach $1 million after 2024.

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