{"id":62595,"date":"2023-10-25T04:14:08","date_gmt":"2023-10-25T08:14:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=62595"},"modified":"2023-10-25T04:14:12","modified_gmt":"2023-10-25T08:14:12","slug":"crypto-market-sentiment-hits-new-high","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/crypto-market-sentiment-hits-new-high\/","title":{"rendered":"Crypto Market Sentiment Hits New High"},"content":{"rendered":"\n

The Crypto Fear & Greed Index has returned to levels not seen since November 2021, at the height of the crypto market rally.<\/a><\/p>\n\n\n\n

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Crypto Market Sentiment Hits New High<\/figcaption><\/figure>\n\n\n\n

According to the Crypto Fear & Greed Index, \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>Bitcoin market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021.<\/p>\n\n\n\n

The index's current score of 72 out of a possible 100 places it in the “greed” category, a six-point increase from October 24 and a 16-point increase from its “neutral” classification of 50 points on October 18.<\/p>\n\n\n\n

Following a surge of optimism that BlackRock's spot Bitcoin exchange-traded fund (ETF) could be inching closer to approval by the United States Securities and Exchange Commission, market sentiment has improved.<\/p>\n\n\n\n

On October 24, Bitcoin experienced its largest single-day rally in over a year, with a 14% daily increase as its price surpassed $35,000.<\/p>\n\n\n\n

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Crypto Fear & Greed Index score. Source: Alternative.me<\/figcaption><\/figure>\n\n\n\n

The index compiles and considers information from six market key performance indicators \u2014 volatility (25%), market momentum and volume (25%), social media (15%), surveys (15%), Bitcoin's dominance (10%), and trends (10%) \u2014 to calculate daily market sentiment<\/p>\n\n\n\n

The last time the index reached 72 was on November 14, 2021, just four days after BTC reached its all-time high of $69,044 on November 10, 2021, according to data from CoinGecko. <\/use><\/svg><\/span><\/a>On June 16, 2022, after Do Kwon's Terra ecosystem collapsed, the index recorded its lowest-ever score of 7.<\/p>\n\n\n\n
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Crypto Fear & Greed Index scores since February 2018. Source: Alternative.me<\/figcaption><\/figure>\n\n\n\n

The aftermath of Terra's collapse precipitated a cascade of price-depressing effects, ultimately claiming the lives of hedge fund Three Arrows Capital and cryptocurrency lender Voyager Digital, among others.<\/p>\n\n\n\n

Following the enthusiasm surrounding spot ETFs, Galaxy Digital, <\/a>a cryptocurrency investment firm, has predicted that the price of Bitcoin will increase by more than 74% in the first year following approval.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Crypto Fear & Greed Index has returned to levels not seen since November 2021, at the height of the crypto market rally. According to the Crypto Fear & Greed Index, Bitcoin market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021. The index’s current score of 72 out […]<\/p>\n","protected":false},"author":53,"featured_media":62610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[5371,6119,5805,16912],"class_list":["post-62595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-bitcoin-2","tag-bitcoin-price-2","tag-crypto-market-2","tag-price-indexes-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/AI-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=62595"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/62595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/62610"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=62595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=62595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=62595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}