Crypto Rally: Here’s Why Bitcoin and Altcoins are Going Up
Bitcoin and top altcoins like Hedera Hashgraph (HBAR), Pudgy Penguins (PENGU), Mog Coin (MOG), and Stellar Lumens (XLM) are going up today, continuing a crypto rally that started last week. This article explains some of the top reasons why this rally is happening.
Fear and Greed Index Points to a Risk-On Sentiment
The crypto rally is happening at a time when the Fear and Greed Index is pointing to a risk-on sentiment in the market. Data shows that the crypto fear and greed index has jumped to the greed zone of 65.
Similarly, the stock-based index has moved to the extreme greed area of 75. Stocks and cryptocurrencies do well when market participants are greedy.
This greed is happening as…
