Australia markets open in 5 hours 7 minutes
  • ALL ORDS

    7,726.80
    -1.70 (-0.02%)
     
  • AUD/USD

    0.7458
    -0.0012 (-0.16%)
     
  • ASX 200

    7,415.50
    +0.10 (+0.00%)
     
  • OIL

    83.98
    +1.48 (+1.79%)
     
  • GOLD

    1,793.10
    +11.20 (+0.63%)
     
  • BTC-AUD

    80,757.38
    -1,772.72 (-2.15%)
     
  • CMC Crypto 200

    1,453.34
    -49.70 (-3.31%)
     

Fear and Greed Index Turns to Greed as Bitcoin Hits Two Month High

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

BeInCrypto –

The fear and greed index has been updated to “greed” as bitcoin hits $42,600. 

Bitcoin has seen a resurgence in price following twelve consecutive days of bullish momentum. Bitcoin has seen twelve days of green for the first time since February as it headed towards its previous all-time high. 

However, following a dramatic decline to $29,000 in July, bitcoin has managed to climb nearly 45% in less than two weeks. Currently priced at $41,600 on Sunday, the fear and greed index has shifted to 60, which indicates greed in the market. The shift in momentum comes one month after the fear and greed index was at 21, or extreme fear. 

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting