- The Fear and Greed Index rose nine points in the last 24 hours, up 16 points since the beginning of the month.
- The index reached a new high from November 2021.
On February 13, 2024, the Fear and Greed Index hit 79 points, a high from November 2021. Since the beginning of the month, the indicator has increased by 16 points, according to Alternative.
As you can see, the indicator indicates the “extreme greed” of traders:
The jump in the indicator occurred against the background of the growth of the bitcoin rate. Recall that on the night of February 13, 2024, it crossed the $50,000 mark.
The fear and greed index serves as an indicator of investor sentiment in the market. The shift of the index into the “green” zone is considered as a positive trend.
As can be seen on the chart, the indicator has been constantly growing since the end of January 2024. The last time it was at this level was in November 2021 before the beginning of a prolonged recession in the cryptoasset market:
Notably, in the section of the bitcoin market exclusively, the picture will be already different. In this case, the current value is the high from February 2021, according to CoinStats:
