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Crypto Fear and Greed Index is currently at 69 — a 17 Month High
After a prolonged period of Extreme Fear, the Crypto Fear And Greed Index (CFGI) has been slowly climbing back into the Greed area and currently sitting firmly at 69/100. This is the highest it has ever been since November 2021, when Bitcoin reached an all time higher of over $65.000 U.S. dollars.
What is the The Crypto Fear and Greed Index?
The CFGI is a widely used indicator that gauges market sentiment, providing insights into whether investors are feeling fearful or greedy. A move to greed suggests an increase in positive sentiment and a potential end to the bear market.
The CFGI measures the emotions and sentiments of the cryptocurrency market on a daily basis. It considers various factors, including market volatility, social media trends, surveys, and the dominance of major cryptocurrencies like Bitcoin. The index ranges from 0 to 100, where a score of 0 represents extreme fear, and 100 represents extreme greed. As the market sentiment shifts, so does the CFGI, providing a helpful snapshot of the current state of the market.
