Greed

FOMO

Bitcoin

Reversal

<p>The crypto market sentiment barometer has just fallen into the “greed” zone, marking a dramatic turnaround in investor sentiment. The Fear &amp; Greed Index has reached 64%, its highest level since July, signaling renewed optimism in the crypto ecosystem.</p>
<h2 id="h-de-la-peur-a-l-euphorie-anatomie-d-un-retournement-de-marche-crypto">From Fear to Euphoria, Anatomy of a Crypto Market Reversal</h2>
<p>As Bitcoin surprised observers by <a href="https://www.cointribune.com/en/bitcoin-crosses-66000-and-altcoins-explode-upwards/" target="_blank" rel="noopener noreferrer nofollow">crossing the $66,000 mark</a>, a level it had not reached since last July, greed is gaining ground among investors.</p>
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<p>This remarkable performance is set against a backdrop of sustained rises in recent weeks. According to <a href="https://cointelegraph.com/news/crypto-fear-greed-index-back-into-greed-territory" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinMarketCap, Bitcoin has posted gains of more than 11% over the last month, boosting its annual gains to over 124%.</p>
<p>This meteoric rise is not limited to Bitcoin. <a href="https://www.cointribune.com/en/why-the-crypto-market-is-booming-today/" target="_blank" rel="noopener noreferrer nofollow">The entire altcoin market is experiencing a revival of interest</a>, with double-digit gains for many projects.</p>
<p>This general movement bears witness to a resurgence of risk appetite among investors, despite an uncertain global economic environment.</p>
<p>The market sentiment, as measured by the crypto Fear &amp; Greed Index, perfectly reflects this newfound euphoria. With a score of 64 points, the index is now in “greed” territory, a level it had not reached in several months.</p>
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<h2 id="h-un-nouveau-cycle-haussier-en-perspective">A New Bull Cycle in Perspective?</h2>
<p>This turnaround is all the more striking given that August had been marked by a period of <a href="https://www.cointribune.com/fear-and-greed/" target="_blank" rel="noopener noreferrer nofollow">extreme fear</a>, with the index even hitting an annual low of 17 points on August 6.</p>
<p>The crossing of the $66,000 threshold by Bitcoin and the surge in the Fear &amp; Greed Index raise questions about the sustainability of this trend.</p>
<p>Some analysts, like Markus Thielen of 10x Research, suggest the possibility of a crypto rally in the fourth quarter, fueled by a phenomenon of FOMO (Fear of Missing Out) among investors.</p>
<p>However, caution is still warranted. While the market appears to have regained its optimism, the <a href="https://www.cointribune.com/en/the-crypto-market-is-heating-up-has-the-feds-rate-cut-triggered-the-bull-run/" target="_blank" rel="noopener noreferrer nofollow">macroeconomic and regulatory challenges facing the sector</a> have not disappeared. Bitcoin’s ability to sustainably breach the major resistance level of $68,300 will be key to confirming the start of a new bull cycle.</p>
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The Crypto Market Shifts Into Euphoria: The Fear & Greed Index Explodes

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Cointribune EN

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