Crypto News – Since Bitcoin hit its all-time highs (ATH), the Crypto Fear and Greed Index, a key indicator of market sentiment in cryptocurrency markets, has reached unprecedented highs.
Since 2021 BTC ATH, the Crypto Fear and Greed Index has risen to 79 for the First Time!
Shortly after Bitcoin crossed the $50,000 threshold on February 12, the Fear and Greed Index saw its most recent increase in greed. According to CoinGecko data, the cryptocurrency has had a strong surge over the last several months, increasing its value by almost 13% year to date.
Investors Must Do Their Own Research, Not Just Rely on the Index
Reaching 79 points for the first time in over two years indicates that the index of fear and greed has entered the zone of “extreme greed,” which is reached when the index value surpasses 74. In the midst of the excitement around the debut of spot Bitcoin ETFs in the US on January 11, the Fear and Greed Index previously approached the severe greed score of 76. Although the Fear and Greed Index offers valuable insights into the current health of the cryptocurrency market, it is still advised that individual traders or investors conduct their research regarding the tools that are most suited for their financial objectives.