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Crypto Market Turns Greedy After Three-Month Break
Source: CryptoNewsNet Original Title: Crypto market turns greedy after three-month break Original Link: https://cryptonews.net/news/analytics/32280458/ Crypto investor sentiment has flipped to “greed” for the first time since October, marking a sharp turnaround after a liquidation event that sent traders fleeing from risk.
The Crypto Fear & Greed Index, a widely watched gauge of market mood, rose to 61 on Thursday, according to data from Alternative.me. The reading follows weeks of “fear” and “extreme fear” and comes just a day after the index stood at 48, a neutral level.
Sentiment collapsed on Oct. 11, when roughly $19 billion was liquidated from crypto markets in a single day, hammering altcoins and triggering a prolonged risk-off stretch.