Cryptocurrency 'Fear & Greed Index' Jumps 6 Points in One Day…Enters 'Extreme Greed'
JOON HYOUNG LEE
Summary
- It was reported that the cryptocurrency Fear & Greed Index has entered the 'Extreme Greed' stage.
- The index recorded 78, a 6-point increase from the previous day, indicating overheated investor sentiment.
- When the Fear & Greed Index is above 75, it suggests a high possibility of future adjustments.
The cryptocurrency Fear & Greed Index has entered the 'Extreme Greed' stage.
According to the cryptocurrency data analysis firm Alternative on the 23rd, the Fear & Greed Index, estimated by Alternative, recorded 78 as of this day. This is a 6-point increase from the previous day (72).
Typically, a Fear & Greed Index of 75 or above is classified as the extreme greed stage. This indicates that investor sentiment is overheated, suggesting a high possibility of future adjustments.
Meanwhile, the cryptocurrency Fear & Greed Index entered the 'Greed' stage on the 23rd of last month.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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