Fear and Greed Index of the crypto market rises to the highest since November 2021
The index reached 68, which indicates the “greed” of investors
21.03.2023 - 08:15
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What’s new? On March 21, the Crypto Market Fear & Greed Index (F&G) hit 68/100. The last time the index exceeded that value was on November 16, 2021, after bitcoin set an all-time high (ATH) of $69 000. As of 08:00 UTC, BTC is trading at $27 508, down by 2,48% in 24 hours, while having gained 13,41% for the month, according to Binance.
Crypto Fear & Greed Index is an indicator that measures the general mood of investors in the market. It is measured on a numerical scale from 0 (“extreme fear”) to 100 (“extreme greed.”) Various data such as volatility, bitcoin capitalization, market volume, as well as social media sentiment are analyzed to determine the index.
Почему важно учитывать “Индекс страха и жадности”
Рассказываем о принципах действия индекса, а также о том, как он помогает анализировать рыночные тенденции.
What is going on with the crypto market? Sentiment around cryptocurrencies has been bullish since the collapse of Silicon Valley Bank (SVB) and the ensuing US banking crisis. Thus, over the past week, bitcoin gained 24,29% and surpassed $28 000 for the first time since June 2022.
On March 15, Capriole CEO Charles Edwards said that BTC may rise to $100 000 as a result of the reversal. Messari CEO Ryan Selkis holds the same opinion.
ARK Invest CEO Cathie Wood called cryptocurrencies a “safe haven” from the financial crisis and blamed regulators for the bankruptcy of SVB. Bernstein’s analysts said that the current instability in traditional financial markets could lead to growth in the crypto sector.
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