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Crypto Fear & Greed Index Rises to 45 – Market Sentiment Improves
The recent surge in spot Bitcoin exchange-traded funds (ETFs) has seemingly contributed to a rise in the Crypto Fear & Greed Index, with the sentiment shifting from cautionary optimism to more confidence. The index itself has climbed from 32% last week to 45% this week, which is still below the neutral threshold of 49%.
Despite concerns about upcoming global economic developments and regulatory uncertainty, experts are optimistic that the overall outlook for cryptocurrencies remains positive. Many believe that the growing interest in Bitcoin ETFs and the rise in institutional adoption will continue to support the market.
However, it’s essential to acknowledge the risks associated with the global economy, inflation, and potential shifts in sentiment.
Source: https://nulltx.com/crypto-fear-greed-index-rises-to-45-market-sentiment-improves/
