The Crypto Fear and Greed Index has reached its highest score this year, hitting levels not seen since Bitcoin (BTC) hit its all-time high in November 2021.
An Index update on March 20 showed a score of 66, placing it firmly in “Greed” territory.
The Crypto Fear and Greed Index aims to numerically present the current “emotions and sentiments” towards Bitcoin and the cryptocurrency market, with the highest score being 100.
The last time the index recorded a score higher than 66 was on November 16, 2021, just days after Bitcoin’s all-time high of over $69,000 was recorded on November 10, 2021, according to Coingecko.
Over the past seven days, Bitcoin has posted gains of around 27.8% according to Coingecko data and hit $28,000 for the first time since June 2022.
This is a developing story, and more information will be added as it becomes available.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
Investments in crypto assets are not regulated. They may not be suitable for retail investors and the entire amount invested may be lost. The services or products offered are not directed or accessible to investors in Spain.