The crypto market's fear and greed index has reached its highest level this year, hitting levels not seen since Bitcoin's (BTC) price peak in November 2021.
The Index's update on March 20 showed a reading of 66, falling within the "Greed" threshold.
The Crypto Market Greed and Fear Index is an index that aims to interpret investors' current "emotions and sentiments" towards Bitcoin and the crypto market through numbers, with the highest score being 100. .
The last time the index scored above 66 was on November 16, 2021, just days after Bitcoin's all-time high of over $69,000 on November 10, 2021, according to Coingecko.
Over the past seven days, Bitcoin recorded an increase of about 27.8% according to Coingecko data and reached $28,000 for the first time since June 2022.
This is an ongoing event and more information will be added as it becomes available.
