Bitcoin above $69,500: Crypto market in bullish mood

The crypto market is coloring green again: after a small correction over the weekend, prices are going up again. The total market capitalization is now $2.47 trillion, which is up 3.35 percent from the previous day. At the time of writing, Bitcoin stands at $69,720 and is up 3.3 percent in the past 24 hours. Compared to last week, the BTC price is up 3.1 percent.

One reason for the positive mood in the crypto market: Donald Trump announced at the Bitcoin conference in Nashville that he plans to make the U.S. a Bitcoin nation. All BTC obtained by the US government from seizures will be kept.

Moreover, the Mt.Gox payouts so far have caused far less selling pressure than many had feared. The nearly two-month mineral capitulation also appears to be over.

The recent price increases give investors new courage: the Fear & Greed Index currently stands at 74 points. With that, the mood among crypto investors is clearly "Greed."

The second-largest cryptocurrency, Ethereum, also rose 4.4 percent and currently stands at $3,360. On a weekly basis, ETH is still down 3.98 percent, doing worse than major rival Bitcoin.

As after the Bitcoin ETF's approval, the first trading days of the new U.S. Ethereum ETFs saw huge net outflows at the Grayscale Ethereum Trust.

The winner among the top altcoins is Solana. While the ETH price was weak last week, SOL now stands at $193.6. Up 5.9 percent from the previous day and 7.4 percent from last week.