The concern and greed index has been up to date to “greed” as bitcoin hits $42,600.
Bitcoin has seen a resurgence in value following twelve consecutive days of bullish momentum. Bitcoin has seen twelve days of inexperienced for the primary time since February because it headed in the direction of its earlier all-time excessive.
Nonetheless, following a dramatic decline to $29,000 in July, bitcoin has managed to climb practically 45% in lower than two weeks. At the moment priced at $41,600 on Sunday, the fear and greed index has shifted to 60, which signifies greed available in the market. The shift in momentum comes one month after the concern and greed index was at 21, or excessive concern.