- Bitcoin Fear and Greed Index has turned green following days of significant price rallies.
- The social metric’s value rose to 72 as of today, October 25.
- Investors use the Fear and Greed Index to measure the prevailing sentiment within the Bitcoin market.
The Bitcoin Fear and Greed Index has turned green following days of significant price rallies. The value of the social metric rose to 72 as of today, October 25, with Bitcoin trading for $34,125, just 3% below the recently established yearly high.
Today’s Fear and Greed Index value represents the highest level the metric has reached in the past year. The highest it achieved before this time was 69, and it got that high on April 17, when Bitcoin traded for $30,337, following a sustained rally from the middle of March.
Bitcoin Fear and Greed Index
Bitcoin investors use the Fear and Greed Index to measure the prevailing sentiment within the market. The metric is calibrated such that a value of 0 means “Extreme Fear,” whereas a value of 100 represents “Extreme Greed.”
As a social metric, traders apply the Fear and Greed Index to determine when there is a Fear Of Missing Out (FOMO), or when the…
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