BTC Fear & Greed Index rises to 62

According to Alternative.me, the Bitcoin Fear and Greed Index has risen to 62, placing it in the greed zone.

The BTC Fear and Greed Index, which acts as an indicator of momentary investor sentiment towards Bitcoin, had been stuck in the fear or extreme fear zone for a long time due to the long-standing bear market and many negative developments in the industry. In Dec. 2022, the Bitcoin Fear and Greed Index was in the fear zone with a value of 25. With the Bitcoin price increasing by about 38% in the new year, the index has moved from the zone of fear to the zone of greed.