Bitcoin's Fear and Greed Index at Highest Rate Since November 2021

Bitcoin’s Fear and Greed Index at Highest Rate Since November 2021Bitcoin broke a 21-week downtrend after a newfound bullishness. At 48, the Bitcoin Fear and Greed Index is highest in three months depicting a significant shift in terms of market participants’ outlook.

After a choppy month that involved whales cashing out and taking profits, the cryptocurrency market rose to a collective valuation above $2 trillion. The market leader – Bitcoin, for one, tested the coveted $45k-level but failed to reclaim it. The Bitcoin Fear and Greed Index essentially demonstrates overall market sentiment towards BTC by taking factors such as volatility, surveys, social media activity, dominance, and others into consideration.climbed to 48 – a state of “neutral” after a period of almost three months when it was in a state of fear or extreme fear, according to Alternative.me.

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