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Crypto Fear and Greed Index Hits 74, Highest Since October Peak Before Market Rout

Crypto Fear and Greed Index Hits 74, Highest Since October Peak Before Market Rout

  • The crypto Fear and Greed Index climbed to 74, its highest level in 10 months, swinging sharply from fear to greed.
  • Alongside the shift in sentiment, Bitcoin (BTC) rose from below $68,000 to near $80,000, while some major tokens and Dogecoin (DOGE) gained as much as 70% and 24%, respectively.
  • Smaller meme coins and low-liquidity tokens surged by as much as 131% over seven days, highlighting a strong return of risk appetite, with the next key event being Fed Chair Kevin Warsh’s Jackson Hole speech.

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Sentiment in the cryptocurrency market has climbed to its highest level in about 10 months, with the Crypto Fear and Greed Index swinging from fear to…

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