First Mover Americas: Bitcoin, Up 70% This Year, Rebounds Past $28K

The Crypto Fear & Greed Index, a metric that aims to measure current sentiment in the market, dropped to 59 on Tuesday, sliding from a nearly 18-month high of 68 reached one week ago, according to data from alternative.me. Readings above 50 indicate market sentiment has moved into the “greed” stage, while those below 50 indicate “fear.” The index hadn’t been as high as 68 since November 2021 when bitcoin reached an all-time record of nearly $69,000. Although the gauge has declined since last week to 59, it remains in the “greed” zone, suggesting investor sentiment for now remains bullish. The rebound to “greed” in 2023 comes as crypto prices bounced despite a growing number of regulatory crackdowns and macroeconomic fears.

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• Source: https://www.coindesk.com/markets/2023/03/29/first-mover-americas-bitcoin-up-70-this-year-rebounds-past-28k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines