Bitcoin Touches $68.5K, Crypto 'Fear-Greed Index' Hits 90... Highest Since February 2021
Crypto data provider Alternative's self-estimated "fear-greed index" rose eight points from the previous day to 90. This is the highest reading since February 23, 2021, when it hit 94. The index is a measure of extreme fear in the market, with readings closer to zero indicating extreme fear and readings closer to 100 indicating extreme optimism.
The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), bitcoin market capitalization (10%), and Google searches (10%). Meanwhile, BTC is currently on the verge of breaking the all-time high of $69,000 against the dollar. Currently, BTC is trading at a high of $68,499 on the Binance USDT market, just about $400 away from the all-time high.
