The cryptocurrency market is once again in the grip of greed after Bitcoin (BTC) once again rose to a three-week high of over $66,000. The Crypto Fear and Greed Index reached 74, indicating a period of greed among digital asset investors. Earlier this month, the Fear and Greed Index stood at 54, indicating neutral sentiment among investors.

At that time, BTC and the broader crypto market experienced increased volatility and a massive decline in overall market capitalization. However, a rally was seen this week, with the bulls taking the lead on Monday.

Bitcoin's upward trajectory extended into the exchange-traded fund (ETF) market, with inflows hitting multi-week highs.