Crypto Sentiment Hits 10-Month High as BlackRock ETF Hopes Boost Bitcoin Rally

The Crypto Fear & Greed Index has reached 72 out of 100, the highest level since November 2021 when Bitcoin hit its all-time high of $69,000.

The index gathers and weighs data on volatility, market momentum, social media, surveys, Bitcoin dominance, and trends to score market sentiment daily.

The index hit its lowest ever score of 7 in June 2022 after the Terra ecosystem collapse.

Galaxy Digital predicts Bitcoin's price could increase over 74% in the first year if a spot BTC ETF is approved.

The latest rally follows excitement that BlackRock's spot Bitcoin ETF may be close to SEC approval.