Market sentiment has grown increasingly favorable for Bitcoin, with the Crypto Fear and Greed Index displaying a score not seen since the peak crypto market rally in 2021.
The Crypto Fear and Greed Index has returned to levels not seen since the peak crypto market rally of November 2021.) market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear & Greed Index.
The index is now at 72 out of a total possible score of 100, placing it within the “greed” ranking — a six-point increase from Oct. 24 and a 16-point bounce from its 50-point “neutral” rank on Oct. 18.The index gathers and weighs data from six market key performance indicators — volatility , market momentum and volume , social media , surveys Bitcoin’s dominance and trends — to score market sentiment each day.
Nov. 14, 2021, was the last time the index reached a score of 72, just four days after BTC notched its all-time high of $69,044 on Nov. 10, 2021, according to CoinGeckoFear & Greed Index scores since Feb. 2018. Source: Alternative.me Following the wave of excitement for spot ETFs, crypto investment firm Galaxy Digital has predicted that the price of Bitcoin
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