Bitcoin Surges to Record $72,700 Amid Extreme Greed Warning

Bitcoin hits a new all-time high of $72,700, driven by the approval of spot bitcoin ETFs and anticipation of a "halving" event, limiting new supply from miners. The CoinMarketCap Crypto Fear & Greed Index is in "extreme greed" territory, indicating a potential market correction, while retail and institutional investors continue to focus on bitcoin. Ether, the second-largest cryptocurrency, is not directly benefiting from the bitcoin hype. The upcoming bitcoin halving event, expected in mid-April, may lead to increased demand and pricing, but historical patterns suggest potential volatility ahead.