Greed

Bitcoin

Read

The Fear and Greed index rose to 79 out of 100 points for the first time since Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) reached an all-time high of $69,000. 
The <a href="https://crypto.news/learn/what-is-the-crypto-fear-and-greed-index/" target="_blank" rel="noreferrer noopener">Fear and Greed index</a> in the crypto market rose to 79 points out of 100, which means market sentiment has shifted to the “extreme greed” sector. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="464" src="https://crypto.news/app/uploads/2024/02/Screenshot-2024-02-13-at-10.41.04-1024x464.png" alt="Crypto Fear and Greed index reaches highest level since November 2021 - 27" class="wp-image-14247805">
 <figcaption class="wp-element-caption">
 Source: Alternative.me
 </figcaption>
</figure> 
The current value is considered extremely high, last seen in early November 2021 – before Bitcoin reached an all-time high of $69,000. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="471" src="https://crypto.news/app/uploads/2024/02/Screenshot-2024-02-13-at-10.40.20-1024x471.png" alt="Crypto Fear and Greed index reaches highest level since November 2021 - 28" class="wp-image-14247806">
 <figcaption class="wp-element-caption">
 Source: Alternative.me
 </figcaption>
</figure> 
Fear and greed are emotions that often influence investor behavior. Fear is accompanied by massive selling and panic in the market, and greed is accompanied by active buying of cryptocurrencies. The latter can lead to excess demand and artificially inflated coin prices. 
In June 2022, after the collapse of the UST stablecoin from <a href="https://crypto.news/tag/Terraform-labs/" target="_blank" rel="noreferrer noopener">Terraform Labs</a>, the indicator dropped to a minimum value of 9 points, showing the extreme fear of crypto investors. At the time of FTX’s bankruptcy filing in November 2022, the index was between 23 and 30 points. 
 You might also like: <a href="https://crypto.news/crypto-fear-and-greed-index-plunges-back-to-neutral-levels/"> Crypto Fear and Greed Index plunges back to neutral levels </a> 
By mid-October 2023, it had recovered to a neutral 52 points, and in November and December – pending the approval of spot Bitcoin <a href="https://crypto.news/tag/etf/" target="_blank" rel="noreferrer noopener">ETFs</a> – the index continued to grow in the “greed” zone. On Jan. 9, for the first time in just over two years, sentiment in the crypto market <a href="https://crypto.news/fear-and-greed-index-reaches-highest-level-since-november-2021-record/" target="_blank" rel="noreferrer noopener">reached</a> the “extreme greed” zone. 
Meanwhile, the Bitcoin rate has reached its highest level since November 2021. On Feb. 12, the price of BTC <a href="https://crypto.news/bitcoin-surpasses-the-50k-mark-positive-sentiment-growing/" target="_blank" rel="noreferrer noopener">exceeded</a> $50,000. Most of the top 10 crypto assets showed growth in terms of capitalization, according to <a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>. 
 Read more: <a href="https://crypto.news/bitcoin-50000-etf-net-assets/"> Bitcoin reaches $50k as ETFs record $2.8b net assets in January </a>

Crypto Fear and Greed index reaches highest level since November 2021

crypto.news

Other articles published on Feb 13, 2024

Bitcoin options traders anticipating new all-time high

Solana Price Prediction: Bulls Eyes Locked on Fresh Highs

Blast Network Hits $1.67 Billion Benchmark in Asset Holdings

Investors eye up Pushd (PUSHD) presale as another string in their bow as profits continue to soar...

New AI Crypto Project Nears $1 Million In ICO – Alessandro De Crypto Presale Update

Confidence in Solana Peaks with $1.75B Open Interest

Join our free newsletter for daily crypto updates!