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Bitcoin Rise in First Month of 2023 Moves Crypto Fear Index From 'Extreme Fear' to 'Greed' – Market Updates Bitcoin News

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With a 39% increase in bitcoin prices against the U.S. dollar, the current CFGI score on Jan. 30, 2023, is 61, reflecting 'greed.'

hosted on alternative.me, moving it from the “extreme fear” zone to the “greed” range in the course of the month.

Last week, CFGI records showed a score of around 50, indicating “neutral,” according to alternative.me. Seven days later, the CFGI score rose to 61, meaning “greed.” The website states that when crypto investors become too greedy, it signals the market is due for a correction. The CFGI score has remained above the neutral range of 50 since Jan. 23, 2023, after spending a significant amount of time below 45 prior to Jan. 14, 2023. On Monday,Crypto Fear and Greed Index chart on Jan. 30, 2023.

In a note sent to Bitcoin.com News, Etoro’s market analyst, Simon Peters, attributed the halt in crypto price declines to a change in investor expectations regarding inflation and

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