Is This Relief Rally Real? Bitcoin Jumps, Greed Returns, But Hurdles Remain

• Bitcoin hit $94K before pulling back slightly to $92K.
• Fear & Greed Index shows ‘Greed’ with a 63 score.
• Altcoins like ETH, DOGE, SOL, ADA show moderate gains.

Bitcoin (BTC) sparked renewed crypto market vigor early Thursday, briefly surging to $94,535 before pulling back roughly 2% to settle near $92,000. While a partial retreat, the move signaled a notable shift in market mood. Ethereum (ETH) meanwhile held steady around $1,768, though other majors like XRP, Solana, and Cardano saw declines.

The Crypto Fear & Greed Index now sits at 63, indicating “Greed” — a big shift from last week’s neutral zone. This change shows growing excitement among traders, though it also comes with a warning, as extended periods of “Extreme Greed” (above 75) have historically been followed by market corrections.’

One example could be in February 2021, when the Fear & Greed Index hit 95. After that, Bitcoin climbed to $64,000 by April. But just three months later, it dropped to $30,000. At the same time, the index fell to 10, showing that investors had become very scared.

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