ICYMI: the 'Fear and Greed' index for cryptocurrencies demonstrates that traders are getting greedy crypto Bitcoin $BTC
The Crypto Fear & Greed Index, a complex market sentiment indicator tracked by the Alternative.me portal, has witnessed the most aggressive upsurge in the last six months.Today, on March 28, 2022, the"Fear and Greed" index for cryptocurrencies added 11 points overnight. It is now estimated at 60/100; this means that traders are getting greedy.As such, the index spiked to the highest levels in more than four months.
Primarily, traders turned bullish amid the spike in the Bitcoin price. Today, the first cryptocurrency jumped over $47,500, which is the highest daily close in 2022. Also, this rally looks special on the one-day timeframe. Today, Bitcoin printed its seventh green candle in a row, adding more than 15%. The last time that seven green candles were registered was in July, when BTC rocketed from $29,000 to $42,000.Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.
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