Crypto on the rise: Bitcoin climbs to $111,000 – fears persist

The crypto market is starting the week with a recovery rally. Total market capitalization has increased by almost three percent to approximately $3.85 trillion in the past 24 hours.
Bitcoin gained around two percent and is currently trading at $111,000. This puts it about 10 percent away from its all-time high. Ethereum also gained around two percent. It is currently trading at $4,100, about 17 percent away from its all-time high.
Most altcoins also recorded price gains of between two and five percent. MYX Finance saw the strongest gain, rising 26 percent, while Plasma recorded the largest loss among the top 100, falling 13 percent.
The Fear & Greed Index remains in the “fear” zone at 36 points. The average crypto RSI is exactly halfway between “oversold” and “overbought,” signaling a neutral market situation.
Many investors are already looking ahead to the upcoming October, which is often referred to as “Uptober” in the cryptocurrency scene. It's traditionally considered a bullish month for Bitcoin and altcoins, so expectations are once again pointing toward positive price developments.
If you want to buy cryptocurrencies safely and easily, you can do so on the regulated crypto exchange Bitpanda.

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