๐ Crypto Fear & Greed Index Jumps Back to Greed! ๐ฑ๐
After a turbulent August filled with "Fear," the Crypto Fear & Greed Index has surged back into the Greed zone! On Sept. 28, the index hit 64, marking its highest point since July. The shift in sentiment comes as Bitcoin briefly touched $66,000! ๐ฅ
๐ก What is the Fear & Greed Index? This index gauges the emotions and sentiments of the crypto market, ranging from 0 (Extreme Fear) to 100 (Extreme Greed). Itโs calculated using a mix of market volatility, momentum, social media trends, and more.
๐ August saw an average "Fear" score, reaching a low of 17 on Aug. 6 when Bitcoin was around $53,000. Now, with Bitcoin rallying back, experts predict a Q4 surge, fueled by FOMO as traders anticipate more gains. ๐
๐ฎ Analystsโ Take:
Markus Thielen from 10x Research expects a Q4 rally! ๐
Charles Edwards, CEO of Capriole, believes capital will flow into Bitcoin from gold and stocks over the next 6 months! ๐ผ
Stay tuned as we watch the market heat up! ๐ฅ
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