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As the price of BTC rises to $28k, the 'Fear & Greed' index for Bitcoin reaches a 16-month high

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by COINS NEWS 80 Views

As the price of BTC rises to $28k, the 'Fear & Greed' index for Bitcoin reaches a 16-month high

According to data retrieved today March 21st from alternative.me and after the recent rise in the cryptocurrency market, with Bitcoin (BTC) surging above $28,000, the crypto Fear & Greed Index hit a 16-month high, currently giving a reading of 68, indicating high levels of "greed".

Crypto Fear & Greed Index

This is the highest reading since November 2021, when the crypto industry had one of its biggest bull runs.

This data shows that the decentralized finance (DeFi) asset is even higher promising for the future.

submitted by /u/Prize-Reference9329
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