On Friday, December 18, the price of bitcoin (EXANTE: Bitcoin) continues to conquer new highs. As of press time, the largest cryptocurrency by market capitalization is trading at $23,056.35 (+4.08%).
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Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has surged up to $643.98 (+0.14%), while XRP has increased by 5.94% and is now trading at $0.591. The total cryptocurrency market cap is over $652 billion.
FxPro's team of analysts say that the Greed and Fear Index has grown over the past day by another 3 points up to 95, remaining in the "extreme greed" mode, though it seems that the participants of the crypto market are not worried about technical indicators.
"The only important condition at the moment for staying optimism is finding above the critical round value, which has a serious psychological impact on retail investors," the analysts add.
Meanwhile, Coinbase CEO, Brian Armstrong, cautioned potential bitcoin (EXANTE: Bitcoin) investors over rash financial decisions based on BTC's price surge. Armstrong emphasizes users should consult financial advisors first "to better understand the risks associated with investing in cryptocurrencies."
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