spiked to reach highs of $45,519 on Feb. 8 as investors begin to re-embrace risk assets across global markets. Market sentiment, according to the Crypto Fear and Greed Index, has become less bearish, given the recent BTC price bounce.
The largest cryptocurrency by market value has gained nearly 38% from bottom lows of $32,933 marked on Jan. 24. Selected altcoins such as XRP and Shiba Inu are putting up impressive price performances. The XRP price skyrocketed as much as 50% from lows of $0.60, where it began an upward rise. Shiba Inu led meme coins higher, surging around 50% to near $0.000035, according toInvestors have been jittery in recent weeks as they consider the possibility of rapid monetary tightening.
The index, which uses a basket of factors to produce a nominal sentiment score from 0 to 100, measured 48 at the time of writing, having spent most of January in"extreme fear" territory.
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