Crypto market sentiment at highest point since BTC’s $69K all-time high

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The index recorded its lowest-ever score of 7 on June 16, 2022, after the collapse of Do Kwon’s Terra Money ecosystem.

*Fear & Greed Index scores since Feb. 2018. Source: Alternative.me*

The fallout from the Terra collapse triggered a cascade of price-dampening effects which later claimed hedge fund Three Arrows Capital and crypto lender Voyager Digital as casualties, among others.

Following the wave of excitement for spot ETFs, crypto investment firm Galaxy Digital has predicted that the price of Bitcoin could increase by more than 74% in the first year following a successful approval.

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Additional reporting by Tom Mitchelhill.