Crypto Fear and Greed Index hits 74: What it means for Bitcoin

📆 5/28/2024 10:09 AM
📰 CryptoAmb

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Data from Alternative.com reveals a crypto fear and greed index of 74, suggesting high levels of market greed. What's next?

saw over the last few weeks, caused the price to surge and stagnate at the $68,000 level. However, new data indicated that the appetite of the bulls continued to increase.Data from Alternative.com showcased that the crypto fear and greed index was at 74, implying that the market was extremely greedy. During this period, the risk appetite for traders and holders increases as they are more likely to accumulate more BTC.

The MVRV ratio was relatively high, indicating that most holders were profitable at the time of writing.

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