2 years ago
Sentiment toward the crypto marketplace is the astir affirmative its been since astir the clip Bitcoin deed its all-time precocious astir 16 months ago.
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The Crypto Fear and Greed Index has deed its highest scale people this year, reaching levels not seen since Bitcoin (BTC) posted its all-time precocious successful November 2021.
A March 20 update of the Index showed a people of 66, placing it firmly wrong the "Greed" territory.
The Index's people of 66 arsenic shown connected March 20. Source: alternative.meThe Crypto Fear and Greed Index aims to numerically contiguous the existent "emotions and sentiments" towards Bitcoin and the cryptocurrency market, with the highest people being 100.
The past clip the scale recorded a people supra 66 was connected Nov. 16, 2021, conscionable days aft Bitcoin's all-time precocious of implicit $69,000 was recorded connected Nov. 10, 2021, according to Coingecko.
All clip illustration of the Index, Nov. 16, 2021, was the past clip it recorded a people supra 60. Source: alternative.meOver the past 7 days, Bitcoin has recorded gains of astir 27.8% arsenic per Coingecko data, and hit $28,000 for the archetypal clip since June 2022.
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