The Crypto Concern and Greed Index has hit its highest index rating this 12 months, reaching ranges not seen since Bitcoin (BTC) posted its all-time excessive in November 2021.
A March 20 update of the Index confirmed a rating of 66, putting it firmly inside the “Greed” territory.
The Crypto Concern and Greed Index goals to numerically current the present “feelings and sentiments” in the direction of Bitcoin and the cryptocurrency market, with the best rating being 100.
The final time the index recorded a rating above 66 was on Nov. 16, 2021, simply days after Bitcoin’s all-time excessive of over $69,000 was recorded on Nov. 10, 2021, according to Coingecko.
Over the previous seven days, Bitcoin has recorded positive aspects of round 27.8% as per Coingecko information, and hit $28,000 for the primary time since June 2022.
This can be a growing story, and additional info might be added because it turns into accessible.