Fear and Greed Index Reaches February 2021 Levels

As Bitcoin approaches its all-time high, the cryptocurrency fear and greed index has reached a level of 90, the highest since February 2021.

The chart shows that for several years the metric remained below 70. Market sentiment began to noticeably improve last autumn as the market recovered and entered a bullish phase.

At the time of writing, the leading cryptocurrency is trading at $67,000. Over the past 24 hours, the asset has increased by 5.8%, and over the past 7 days, it has risen by 19.2% (according to CoinGecko).

The market capitalization of digital gold has reached a new all-time high above $1.3 trillion.

Earlier, analysts at JPMorgan predicted a Bitcoin correction to $42,000 post-halving.