According to Cointelegraph, the cryptocurrency panic and greed index reached 64, a new high since July, and exceeded 60 points for two consecutive days. On September 28, the price of Bitcoin briefly touched $66,000.

The index is used to quantify current “sentiment and emotion” toward Bitcoin and the crypto market, with a maximum score of 100 and a minimum of 0. The average was “fear” in August, with a minimum score of 17, when the Bitcoin price was around $53,000.

Markus Thielen, head of research at 0x Research, predicts that Bitcoin's return to $65,000 may trigger FOMO in the market, and expects the crypto market to rebound in the fourth quarter.

According to CoinMarketCap data, Bitcoin has risen by about 11.18% in the past month, the highest since March. Charles Edwards, founder of Capriole, predicts that funds will flow from gold and stocks to Bitcoin in the next six months.

Asset management giant VanEck named Bitcoin the best performing asset this year, up 124% over the past 12 months.