Crypto Fear & Greed Index Hits Highest Since November 2021
A key gauge of investor sentiment suggests the crypto market may take a bull breather.
The Crypto Fear & Greed Index has jumped to 70.6, the highest since November 2021, according to data source alternative.me. The index, which ranges from 0 to 100, uses several metrics, including market momentum, volatility, volume and social media, to analyze and measure market sentiment for bitcoin and prominent alternative cryptocurrencies.
Values between 50 and 74 signal "greed," while readings above 75 indicate "extreme greed." The higher the score, the more confident investors feel about bitcoin's prospects.
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