Bitcoin Fear & Greed Index Hits Neutral as BTC Price Rises 3.6%

The Bitcoin Fear & Greed Index has returned to the neutral zone, reaching a value of 51 after a recovery rally in Bitcoin's price. This shift reflects a balanced sentiment among investors.

The index measures sentiment using data from trading volume, market cap dominance, volatility, social media sentiment, and Google Trends.
Values above 53 indicate greed, below 47 indicate fear, and between these values is neutral.
Recently, the index was in the fear zone due to bearish price action, dropping to a low of 22, indicating extreme fear.
Historically, extreme fear often signals market bottoms, while extreme greed indicates tops.

Bitcoin's recent price increase might explain the shift to a neutral sentiment, though traders remain uncertain about future bullish trends.

BTC Price

Currently, Bitcoin's price is approximately $114,900, up 3.6% over the past week.