Bitcoin Index Tips Towards 'Extreme Greed' as Market Holds Its Breath for ETFs

Crypto sentiment has moved into "extreme greed" territory as the industry awaits potential news that Bitcoin spot exchange-traded funds have been approved.

The crypto fear and greed index has moved into "extreme greed" territory as the industry waits with bated breath for an approved spot exchange-traded fund (ETF) for Bitcoin (BTC).

According to the Cryptocurrency Fear and Greed Index, Bitcoin's market sentiment score is currently 76 out of 100, the highest since Bitcoin hovered around its highest price of $69,000 in mid-November 2021.

The Bitcoin Sentiment Index briefly moved into "extreme greed" on December 5 at 75. Bitcoin broke through the $40,000 mark on December 4 and rose to $44,000 a day later.