Greed

FOMO

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The Crypto Fear &amp; Greed Index has reached its highest point since July, spending two consecutive days above a score of 60.&nbsp;
The index’s Sept. 28 <a data-ct-non-breakable="null" href="https://alternative.me/crypto/fear-and-greed-index/" rel="null" target="null" text="null" title="null">update</a> showed a score of 64, placing it within the “Greed” territory as the Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) price briefly touched the $66,000 mark, according to CoinMarketCap.
The Crypto Fear &amp; Greed Index was created to numerically represent current “emotions and sentiments” toward Bitcoin and the broader <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money" rel="" target="_self" text="null" title="https://cointelegraph.com/learn/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money">crypto market</a>. The highest score is 100, and the lowest is 0.&nbsp;
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 <img alt="Crypto Fear &amp; Greed Index jumps back into greed territory" name="" src="https://s3.cointelegraph.com/uploads/2024-09/01923762-57dd-7091-a4e8-8f946c337881">
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 The Index’s score of 64 as shown on Sept. 28. Source: alternative.me
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Much of August was spent in “Fear,” with the lowest score of 2024, 17, hit on Aug. 6 when the price of Bitcoin was around $53,000.&nbsp;
The last time the index recorded a score above 64 was on July 30, when the Bitcoin price was around $66,000.&nbsp;
The Crypto Fear &amp; Greed Index is calculated based on signals that impact traders’ and investors’ behavior, including Google Trends, surveys, <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/bull-vs-bear-crypto-market-what-is-the-difference-and-how-to-handle-both" rel="" target="_self" text="null" title="https://cointelegraph.com/learn/bull-vs-bear-crypto-market-what-is-the-difference-and-how-to-handle-both">market momentum</a>, market dominance, social media and market volatility.
According to the Crypto Fear &amp; Greed Index data sources page, the index score is based on 25% market volatility, 25% market momentum and 15% social media trends and other indicators.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-familiar-bullish-smell-btc-price-66k" rel="null" target="null" text="null" title="https://cointelegraph.com/news/bitcoin-familiar-bullish-smell-btc-price-66k">Bitcoin has ‘familiar bullish smell’ as BTC price hits $66K — Analyst</a>
Analyst and head of research at <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/crypto-bull-rally-chances-q4-bitcoin-altcoins-analyst" rel="" target="_self" text="null" title="https://cointelegraph.com/news/crypto-bull-rally-chances-q4-bitcoin-altcoins-analyst">10x Research Markus Thielen</a> said in a Sept. 27 <a data-ct-non-breakable="null" href="https://mail.10xresearch.co/p/fomo-is-back-are-you-holding-enough-bitcoin-and-altcoins-to-ride-the-next-wave" rel="null" target="null" text="null" title="null">report</a> that there could be a fourth-quarter crypto rally because Bitcoin’s return above the $65,000 price level could create fear of missing out, or FOMO, in the market.&nbsp;
According to CoinMarketCap data, Bitcoin has recorded gains of around 11.18% over the past month, the highest since March.&nbsp;&nbsp;
Meanwhile, Charles Edwards, founder and CEO of investment firm Capriole, predicted significant inflows as traders leave gold and other stocks.&nbsp;
“The capital flows back into Bitcoin from gold and stocks over the next 6 months will be relentless,” Edwards said in a Sept. 27 X post.&nbsp;
<figure>
 <img alt="Crypto Fear &amp; Greed Index jumps back into greed territory" name="" src="https://s3.cointelegraph.com/uploads/2024-09/01923763-342d-7c6a-be18-1fb22ba460ae">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/caprioleio/status/1839461310343659958" rel="null" target="null" text="null" title="null">Charles Edwards</a>&nbsp;
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Asset management giant VanEck has<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-outperformed-nearly-every-asset-class-past-year-van-eck" rel="null" target="null" text="null" title="null"> ranked Bitcoin as the top-performing</a> asset of 2024, far outpacing traditional assets, with spot BTC prices experiencing a 124% surge in the last 12 months.&nbsp;
However, the asset manager also noted a recent downturn has investors “spooked.”&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/worldcoin-fined-dmm-bitcoin-system-face-ban-asia-express/" rel="null" target="null" text="null" title="null">Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express</a>

Crypto Fear & Greed Index jumps back into greed territory

Cointelegraph

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