On March 28, the Crypto Fear and Greed Index has jumped back to the “greed” position for the first time in four months.
For the first time since November 16, 2021, and the week that preceded that date, the Crypto Fear and Greed Index has once again reached the “greed” position. On a daily basis, the index analyzes the “emotions and sentiments from different sources and crunch them into one simple number.”Today, on March 28, 2022, that number is 60 which is the position of “greed.” Yesterday, the index had a “neutral” reading and the score was 49.
The index has been on the rise since March 14 but on March 2, the Crypto Fear and Greed Index reached 52 and settled back down. It had a brief spike to 28 on March 10, had another lull, and started the rise 14 days ago. In addition to the Crypto Fear and Greed Index data, cryptocurrency exchange volume on March 28, jumped over the $100 billion mark and it currently hovers around $131.9 billion in 24-hour global trade volume.
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