Fear & Greed Index reaches highest level since November 2021
The crypto market’s index of fear and greed has reached its highest level since the end of 2021, indicating greed. According to the latest data from the Alternative.me platform, the Fear and Greed Index in the crypto market has reached its highest level since November 2021. Back then, the price of Bitcoin hit at $69,000. Currently, the figure is 76 points — indicating a bullish greed sentiment not seen since then. Source: Alternative.me The index numerically shows the emotions and sentiments of crypto market participants. Now, the needle is in the “extreme greed” zone. Throughout the last month, the indicator fluctuated from 71 to 74. Only on Dec. 5, when the price of Bitcoin (BTC) jumped to $44,000, the needle briefly moved to the 75-point mark. Previously, the crypto market moved into the “extreme greed” zone on Nov. 11, 2021. Then, the indicator was 77, and the cost of the first cryptocurrency reached a historical maximum. On Jan. 8, the pr...