Crypto Fear and Greed Index Hits ‘Greed’ for the First Time in 4 Months

On March 28, the Crypto Fear and Greed Index has jumped backmost to the “greed” presumption for the archetypal clip successful 4 months. The past clip the scale reached the existent presumption was erstwhile bitcoin reached a precocious of $69K per portion past twelvemonth connected November 10.

Crypto Index Dedicated to Emotions and Sentiments Reaches ‘Greed’ for the First Time successful Months

• The crypto system has surged successful worth during the past time jumping 5.4% successful worth to $2.26 trillion. The terms of bitcoin (BTC) reached a precocious of $48,234 astatine astir 3:00 p.m. (ET) connected Monday afternoon.
• Ethereum (ETH) tapped a precocious of $3,431 per portion astir astir the aforesaid clip framework arsenic BTC’s regular high. Presently, bitcoin (BTC) has a dominance of astir 40.3% of the $2.26 trillion, portion ethereum (ETH) commands 18.1%.

At 3:00 p.m. (ET) connected Monday afternoon, bitcoin (BTC) tapped a precocious of $48,234.

• For the archetypal clip since November 16, 2021, and the week that preceded that date, the Crypto Fear and Greed Index has erstwhile again reached the “greed” position. On a regular basis, the scale analyzes the “emotions and sentiments from antithetic sources and crunch them into 1 elemental number.”

The Crypto Fear and Greed Index connected Monday, March 28, 2022.

• Today, connected March 28, 2022, that fig is 60 which is the presumption of “greed.” Yesterday, the scale had a “neutral” speechmaking and the people was 49. Last week the scale had a “fear” ranking astatine 30 and different “fear” ranking the period anterior astatine 26.
• The scale has been connected the emergence since March 14 but connected March 2, the Crypto Fear and Greed Index reached 52 and settled backmost down. It had a little spike to 28 connected March 10, had different lull, and started the emergence 14 days ago.
• In summation to the Crypto Fear and Greed Index data, cryptocurrency speech measurement connected March 28, jumped implicit the $100 cardinal people and it presently hovers astir $131.9 cardinal successful 24-hour planetary commercialized volume.

• Furthermore, portion lone 3 months person passed successful 2022, the Bitcoin Obituaries list shows that determination person been six obituaries this twelvemonth truthful far. The past alleged bitcoin decease was recorded connected February 17, 2022, erstwhile bitcoin (BTC) was exchanging hands for $40,538.01 per unit.
• Bitcoin has been declared dormant much than 400 times since 2010, according to 99bitcoins.com stats.

What bash you deliberation astir today’s Crypto Fear and Greed Index information reaching “greed” for the archetypal clip successful months? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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