In just a few days the crypto market has shifted a lot. Swinging in between “Fear” and “Extreme Fear” levels for months, the crypto sentiment has now shifted to “Greed.”

At press time too, the Crypto Fear and Greed Index was at 68 in the “Greed” zone. CoinShares recent report on ‘From despair to greed in a week: a rally is not a verdict’ shed light on the fact that the current environment has become friendly for Bitcoin’s rally.

It does not yet signify that there is a fundamental improvement across the entire crypto industry.

How did things change in a few days?

Jean-Marie Mognetti, CEO of CoinShares, believes that the environment surrounding digital assets has become more favorable,…