Cryptocurrency Market Sees Red as Bitcoin Falls from Two-Year High, But Calls for New Bull Market Persist

On Wednesday morning, the cryptocurrency market saw a dominance of the color red as Bitcoin fell from its nearly two-year high but still remained at the peak of the recent rally. Other cryptocurrencies also experienced a decline, causing concern among investors. However, the recent surge in Bitcoin's price has led to expectations of a new crypto bull market, with hopes that the US Securities and Exchange Commission will approve a spot Bitcoin exchange-traded fund by January 10. Despite the overall drop in cryptocurrency prices, the fear and greed index level remains high, indicating that investors are still interested in buying.