Crypto Fear & Greed Index Hits 74, Highest Level Since October
- The index jumped from 26 a month ago to 74, showing a massive rebound in optimism.
- US dollar index hit a three-month low last week against major currencies.
- Spot BTC ETFs pulled in $338 million on August 24, the seventh straight day of inflows.
The Crypto Fear & Greed Index jumped to 74 on August 25, its highest reading since October last year. The index ranges from 0 to 100, with higher readings indicating stronger market optimism and lower readings reflecting fear.
A week ago, the index was at 41, and 26 a month ago, which shows a big rebound in market optimism and sentiment. According to Binance Square, the index even continued to climb, going above 80 at the time of writing.
The timing is notable since Bitcoin just staged a strong comeback. On August 25, it broke above $80,000 for the first time in over three months.
Per Reuters, Bitcoin is up about 16% sโฆ
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