According to Foresight News, data from Alternative.me indicates that the cryptocurrency Fear and Greed Index has risen to 78 today, up from 76 yesterday. This increase suggests that the market continues to be in a state of 'extreme greed.'
The Fear and Greed Index is a tool used to gauge the emotions and sentiments driving the cryptocurrency market. A higher index value typically reflects a more optimistic or greedy market sentiment, while a lower value indicates fear or pessimism among investors. The current reading of 78