Crypto Fear and Greed Index hits highest level since Bitcoin’s all-time high

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The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin ( $62,296.00 ) (BTC) posted its all-time high in November 2021.

A March 20 update of the Index showed a score of 66, placing it firmly within the “Greed” territory.

*The Index’s score of 66 as shown on March 20. Source: alternative.me*

The Crypto Fear and Greed Index aims to numerically present the current “emotions and sentiments” towards Bitcoin ( $62,296.00 ) and the cryptocurrency market, with the highest score being 100.

The last time the index recorded a score above 66 was on Nov. 16, 2021, just days after Bitcoin ( $62,296.00 ) ’s all-time high of over $69,000 was recorded on Nov. 10, 2021, according to Coingecko.

*All time chart of the Index, Nov. 16, 2021, was the last time it recorded a score above 60. Source: alternative.me*

Over the past seven days, Bitcoin ( $62,296.00 ) has recorded gains of around 27.8% as per Coingecko data, and hit $28,000 for the first time since June 2022.

This is a developing story, and further information will be added as it becomes available.