Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months. This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets. There are two primary ways FOMO and greed manifest in Bitcoin trading: 1. Price Surges: Traders rush to buy Bitcoin when prices rise, hoping for continued upward momentum, as observed on May 20th. 2. Price Dips: Traders perceive a price drop as an unwarranted dip and buy in anticipation of a quick recovery, similar to the activity seen on June 13th. 🤑
The post Bitcoin Sees Surge In Buying Interest Amid Volatile Market Movements appeared first on The Merkle News.
