The worry 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 as it headed in direction of its earlier all-time excessive.
However, following a dramatic decline to $29,000 in July, bitcoin has managed to climb almost 45% in lower than two weeks. Currently priced at $41,600 on Sunday, the fear and greed index has shifted to 60, which signifies greed out there. The shift in momentum comes one month after the worry and greed index was at 21, or excessive worry.