#TrumpBitcoinEmpire Rolex, Benner and Buffett: What is the cryptocurrency market trying to tell us?
The historic peak of bitcoin and the rally of ethereum signal further optimism in the cryptocurrency market, with a market capitalization increase of $41 billion in 24 hours.
Analysts use the "Rolex indicator" to assess market psychology, noting that luxury watch prices lag behind cryptocurrency cycles, indicating a market peak.
The Buffett indicator offers conflicting views, warning of potential market overvaluation.