The “Fear and Greed” index in the crypto market rose to 76 points out of 100, corresponding to the “extreme greed” zone. This is evidenced by data obtained from the analytical platform. alternative.me.
According to the platform, the current index value is extremely high. It was last seen in November 2021, before Bitcoin reached its all-time high of $69,000.
As experts point out, fear and greed are emotions that affect investor behavior. Greed leads to active purchasing of cryptocurrencies and can cause prices to be artificially inflated.
For comparison, after the collapse of UST in June 2022, the index dropped to 9 points, and with the bankruptcy of crypto exchange FTX in November 2022, it dropped to 23-30 points. By October 2023, this number had increased to 52, and as of January, it had entered the “greed” zone.
Bitcoin rate before now updated Maximum from April 2022.
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