The last time the Crypto Fear and Greed Index scored 79 was in mid-November 2021 when Bitcoin was on track to hit $69,000.
The Crypto Fear and Greed Index, a major tool tracking the market sentiment in cryptocurrency markets, has hit highs not seen since Bitcoin (BTC) reached its all-time highs (ATH).
According to data on the website Alternative.me, the Crypto Fear and Greed Index surged as high as 79 on Feb. 13, reaching its highest level since mid-November 2021, when Bitcoin price peaked at $69,000.
The latest spike of greed in the Crypto Fear and Greed Index came shortly after Bitcoin passed $50,000 on Feb. 12. The cryptocurrency has been seeing a solid rally over the past few months, adding about 13% to its value year-to-date, according to data from CoinGecko.
