The Crypto Fear and Greed Index, which measures the overall sentiment of the cryptocurrency market, has moved out of the “fear” zone and into neutral territory after more than two weeks. The move coincided with
Bitcoin’s rise into the $115,000 channel, indicating that investor confidence in the market is returning.
The current Fear and Greed Index score is 51 out of 100, up 11 points from Saturday and more than 20 points from last week. The market plunged on Oct. 10 after Trump announced 100 percent tariffs on China, which led to the liquidation of about $20 billion in leveraged positions, taking the index from 71 to a yearly low of 24.
Crypto market participants now expect the US Federal Reserve to cut interest rates again at its meeting on October 29, which could help fuel the bullish trend for Bitcoin and other cryptocurrencies.
