Bitcoin index tips into ‘extreme greed’ as market holds breath for ETFs



The Crypto Fear and Greed Index has tipped into the “extreme greed” zone as the industry awaits with bated breath for an approved spot Bitcoin (BTC) exchange-traded fund (ETF).

According to the Crypto Fear & Greed Index, Bitcoin’s market sentiment score is currently at 76 out of a possible 100 — its highest score since Bitcoin hovered around its highest price of $69,000 in mid-November 2021.

The Bitcoin sentiment index briefly tipped into “extreme greed” on Dec. 5 at a score of 75. Bitcoin broke the $40,000 mark on Dec. 4 and surged to $44,000 a day later.

Before that, the index went to “extreme greed” on Nov. 11, 2021, when it recorded a score of 77. Bitcoin reached its all-time high price only a day earlier, according to data

The Crypto Fear and Greed Index gathers and weighs data from six market key performance indicators — volatility (25%), market momentum and volume (25%), social media (15%), surveys (15%), Bitcoin’s dominance (10%) and trends (10%) — to score market sentiment each day.

When BlackRock filed for a spot Bitcoin ETF on June 15, the market sentiment score sat at 41, within the “Fear” zone — but the score spiked to 59 (the “Greed” zone) six days later when several other asset management followed BlackRock’s lead.

The highest market sentiment score recorded was 95 on June 26, 2019, while the lowest-ever score recorded was seven on June 16, 2022, after the collapse of Do Kwon’s Terra ecosystem.

Bitcoin’s price surged to $47,175 late on Jan. 8 before cooling off to $46,850 at the time of writing, according to CoinGecko.

Source : Cointelegraph by Brayden Lindrea / Jan 9, 2024 logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act. How we keep your money safe.