Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high

Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high

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The Crypto Fear and Greed Index has reached its highest index score this year, hitting levels not seen since Bitcoin (BTC) recorded its all-time high in November 2021.

a March 20 update The Index showed a score of 66, placing it firmly within “Greed” territory.

The index score of 66 as shown on March 20. Source: alternative.me

The Crypto Fear and Greed Index aims to numerically present the current “emotions and sentiments” towards Bitcoin and the cryptocurrency market, with the highest score being 100.

The last time the index scored above 66 was on November 16, 2021, just a few days after Bitcoin’s all-time high of over $69,000 was recorded on November 10, 2021. according to Coingecko.

The Index’s all-time chart, November 16, 2021, was the last time it recorded a score above 60. Source: alternative.me

Over the past seven days, Bitcoin has posted a 27.8% gain, according to data from CoinGecko, and comes to $28,000 for the first time since June 2022.

This is a developing story, and more information will be added as it becomes available.