The Crypto Fear & Greed Index, a key gauge of investor sentiment, has jumped to its highest level since November 2021, suggesting bitcoin's recent bull run might take a breather.
The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. A key gauge of investor sentiment suggests the crypto market may take a bold breather to crypto fear and greed index has jumped to 70.6. The highest level since November 2021. According to data source alternative dot me, the index which ranges from 0 to 100 uses several metrics including market momentum, volatility, volume and social media to analyze and measure market sentiment for Bitcoin and prominent alternative currencies values between 50 74 signal greed. While readings above 75 indicate extreme greed, the higher the score, the more confident investors feel about Bitcoin's prospects. Bitcoin could see a pause in the recent rally that saw its price gain nearly 30% in less than two weeks. That's it for today's chart of the day. I'm Jen San Asi. We will see you next time to unpack more of the data behind top news stories