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Crypto sentiment index soars to a 3-month high as Bitcoin holds $77K
TL;DR
The crypto market sentiment index has reached a three-month high as Bitcoin approaches $80,000, rising nearly 6%. The Alternative.me Crypto Fear & Greed Index increased by 14 points to 46, marking its largest single-day gain in over three months.
Key points
- Crypto sentiment index reaches a three-month high
- Bitcoin rallies nearly 6% to approach $80,000
- Fear & Greed Index rises 14 points to 46 out of 100
- Largest single-day gain in over three months
- Current reading marks a rebound from an all-time low of 5
Alternative.me
A crypto market sentiment index has risen to its highest level in over three months on Wednesday after Bitcoin rallied nearly 6% to within striking distance of $80,000.
The Alternative.me Crypto Fear & Greed Index rose 14 points to 46 out of 100, its highest level since Jan. 18 and its largest single-day gain in more than three months.
Change in the Crypto Fear & Greed Index score over various time intervals. Source: Alternative.me
While still in the “Fear” zone, the current reading marks a sharp rebound from the all-time low of 5 recorded on Feb. 23 after the Trump administration imposed a 15% global tariff, sending Bitcoin (BTC) down to about $63,000.
The crypto sentiment index has been stuck in the Fear zone since Jan. 18. This has come despite continued institutional crypto adoption on Wall Street and a crypto-friendly regulatory agenda in Washington.
However, Bitwise chief investment officer Matt Hougan and others have noted that retail traders haven’t shown up in the same numbers as previous market cycles.
The Crypto Fear & Greed Index score incorporates metrics such as social media posts and Google search volume related to crypto, which are mostly retail-driven metrics.
Bitcoin rose 5.9% to nearly $79,400 over a 20-hour period on Wednesday but has since cooled to $77,920, according to CoinGecko data.
Perps market has fueled Bitcoin rally: CryptoQuant
In a post to X on Wednesday, CryptoQuant’s head of research, Julio Moreno, said Bitcoin’s rally was “completely driven by demand” in the
Q&A
What is the current value of the Crypto Fear & Greed Index?
The Crypto Fear & Greed Index is currently at 46 out of 100.
How much did Bitcoin increase to reach near $80,000?
Bitcoin rallied nearly 6% to come within striking distance of $80,000.
When was the last time the Crypto Fear & Greed Index was this high?
The index has not been this high since January 18, when it last recorded a score of 46.
