The Crypto Concern and Greed Index has hit its highest index rating this 12 months, reaching ranges not seen since Bitcoin (BTC) posted its all-time excessive in November 2021.
A March 20 replace of the Index confirmed a rating of 66, inserting it firmly throughout the “Greed” territory.
The Crypto Concern and Greed Index goals to numerically current the present “feelings and sentiments” in direction of Bitcoin and the cryptocurrency market, with the very best rating being 100.
The final time the index recorded a rating above 66 was on Nov. 16, 2021, simply days after Bitcoin’s all-time excessive of over $69,000 was recorded on Nov. 10, 2021, in accordance to Coingecko.
Over the previous seven days, Bitcoin has recorded beneficial properties of round 27.8% as per Coingecko knowledge, and hit $28,000 for the primary time since June 2022.
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