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Crypto Fear and Greed Index Surges to 3-Month High as BTC Rallies 14% Weekly

  • The Fear and Greed Index, which depicts market sentiment, has surged to a 3-month high as Bitcoin (BTC) rallies 14% weekly.
  • Investors have become greedy as Bitcoin surpasses $60,000, with the Fear and Greed Index reaching a value of 71, indicating greed in the market.
  • The index had been in the fear zone but turned neutral on Monday, and has now entered the greed zone as Bitcoin climbed to $68,000.
  • Factors like rising demand and anticipation of the second leg of the bull cycle suggest that Bitcoin may not experience a significant correction despite the high greed sentiment.

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