{"id":138123,"date":"2024-09-29T08:00:37","date_gmt":"2024-09-29T05:00:37","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138123"},"modified":"2024-09-29T01:08:39","modified_gmt":"2024-09-28T22:08:39","slug":"bitcoin-surge-fuels-fomo-as-crypto-market-greed-index-hits-high","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-surge-fuels-fomo-as-crypto-market-greed-index-hits-high\/","title":{"rendered":"Bitcoin Surge Fuels FOMO as Crypto Market Greed Index Hits High"},"content":{"rendered":"<p>On September 28, the index <strong><a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"nofollow\">climbed<\/a> <\/strong>to 64, indicating \u201cGreed,\u201d as <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>briefly touched $66,000. The index, which measures emotions and market sentiment toward Bitcoin and the broader crypto market, operates on a scale from 0 to 100.<\/p>\n<p>Back in August, the index spent much of the month in \u201cFear,\u201d dropping to 17 on August 6 when Bitcoin traded around $53,000. The last time the index surpassed 64 was on July 30, when Bitcoin was also hovering around $66,000.<\/p>\n<p>This index is determined by multiple factors, including Google search trends, market volatility, social media activity, market momentum, and dominance. It\u2019s heavily weighted toward market volatility and momentum, each accounting for 25% of the score, while social media trends contribute 15%.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-and-altcoins-on-the-verge-of-explosive-growth-says-10x-research\/\" title=\"Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_bitcoin-bulls-ready-for-action-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Markus Thielen, Head of Research at 10x Research, suggested in a recent report that Bitcoin\u2019s recovery to over $65,000 could spark a fourth-quarter rally, driven by fear of missing out (FOMO). CoinMarketCap data also shows Bitcoin has gained over 11% in the past month, the largest jump since March.<\/p>\n<p>Meanwhile, Capriole\u2019s CEO Charles Edwards expects significant capital to shift from gold and stocks back into Bitcoin over the next six months, anticipating strong inflows. Asset manager VanEck has highlighted Bitcoin as the best-performing asset of 2024, with a 124% price increase over the last year, although recent market dips have left some investors cautious.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Crypto Fear &#038; Greed Index has hit its highest level since July, holding above 60 for two straight days.<\/p>\n","protected":false},"author":9,"featured_media":132367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-138123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Surge Fuels FOMO as Crypto Market Greed Index Hits High<\/title>\n<meta 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