Crypto Fear and Greed Hits Greed as Bitcoin Climbs Two Month High
Cointelegraph
The Crypto Fear and Greed Index has reached 'greed' for the first time since October, coinciding with a Bitcoin price surge.Summary
The Crypto Fear and Greed Index has flipped to “greed” with a rating of 61, marking the first time since the significant market liquidation event in October. This shift reflects improving investor sentiment following weeks of “fear” and “extreme fear,” with the index climbing from 48 to 61 in just one day. The increase aligns with a Bitcoin (BTC) rally, which has seen the cryptocurrency reach a two-month high of $97,704. Despite some Bitcoin holders selling their assets, analysts at Santiment view this as a positive sign, indicating a decrease in supply on exchanges and reduced risk of a selloff. The index considers factors like price volatility, trading volume, Google Trends, and social media sentiment.
(Source：Cointelegraph)