Fear and Greed Index at highest point in two years

After the recent price increases in the crypto market, investor sentiment is reversing. The Fear and Greed Index reached a two-year high.

The Fear and Greed Index has currently reached 70 points, which is a two-year high. The last time the counter was at this level was in November 2021, when the Bitcoin price reached the record level of $67,000.

Again, this is caused by the recent sharp price increases. Bitcoin is up 16 percent compared to last week, while Ethereum is up 13 percent.

The Fear and Greed Index reflects investor sentiment. It is composed of several metrics, such as volatility, volume and trends on Twitter and Google.

Right now, the mood seems to be tilting slightly. The index is down one point from the previous day. The Bitcoin price is also down one percent in the past 24 hours to $34,000.