Greed

United

Bitcoin

Terra

MN Coin

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 The Crypto Fear and Greed Index has returned to levels not seen since the peak crypto market rally of November 2021.
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 Bitcoin (BTC) <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="noopener noreferrer nofollow" title="sentiment" href="https://thebittimes.com/tag/sentiment.html">sentiment</a> has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear &amp; Greed Index.
 The index is now at 72 out of a total possible score of 100, placing it within the “greed” ranking — a six-point increase from Oct. 24 and a 16-point bounce from its 50-point “neutral” rank on Oct. 18.
 The strengthening market sentiment follows a wave of excitement that BlackRock’s spot Bitcoin exchange-traded fund (ETF) could be inching toward approval by the United States Securities and Exchange Commission.
 On Oct. 24, Bitcoin staged its largest single-day rally in over a year, recording a 14% daily gain as its price briefly moved above the $35,000 mark.
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/25/550c1b51bf7fdf28b0d7ce0a739ef8e1.webp">
 <figcaption style="text-align: center;">Fear &amp; Greed Index score. Source: Alternative.me
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 The index gathers and weighs data from six <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> key performance indicators — volatility (25%), <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> momentum and volume (25%), social media (15%), surveys (15%) Bitcoin’s dominance (10%) and trends (10%) — to score <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="noopener noreferrer nofollow" title="sentiment" href="https://thebittimes.com/tag/sentiment.html">sentiment</a> each day.
 Nov. 14, 2021, was the last time the index reached a score of 72, just four days after BTC notched its all<a rel="noopener noreferrer nofollow" title="-time" href="https://thebittimes.com/tag/time.html">-time</a> high of $69,044 on Nov. 10, 2021, according to CoinGecko data.
 Related: BlackRock’s spot Bitcoin ETF now listed on Nasdaq trade clearing firm — Bloomberg analyst
 The index recorded its lowest-ever score of 7 on June 16, 2022, after the collapse of Do Kwon’s Terra Money ecosystem.
 <figure><img src="https://cdn.thebittimes.com/images/2023/10/25/15fc550fd8d14c0296f4cfa453baab6b.webp">
 <figcaption style="text-align: center;">Fear &amp; Greed Index scores since Feb. 2018. Source: Alternative.me
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 The fallout from the Terra collapse triggered a cascade of price-dampening effects which later claimed hedge fund Three Arrows Capital and crypto lender Voyager Digital as casualties, among others.
 Following the wave of excitement for spot ETFs, crypto investment firm Galaxy Digital has predicted that the price of Bitcoin could increase by more than 74% in the first year following a successful approval.
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 Additional reporting by Tom Mitchelhill.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-market-sentiment-at-highest-point-since-btc-s-69k-all-time-high-tbt67649.html">https://thebittimes.com/crypto-market-sentiment-at-highest-point-since-btc-s-69k-all-time-high-tbt67649.html</a>

Crypto market sentiment at highest point since BTC’s $69K all-time high

TheBitTimes

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