Crypto sentiment exits ‘extreme fear’ after 18-day stretch

The crypto sentiment indicator has moved up from extreme fear, and other social media indicators suggest sentiment is moving more bullish toward Bitcoin.

After 18 days at the bottom of a widely used crypto market sentiment index, the market appears to be showing early signs of improving sentiment.

The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted a “Fear” score of 28 on Saturday, the first time since Nov. 10 that it hasn’t posted an “Extreme Fear” score. 

The prolonged stretch near the index’s most bearish level for the majority of November, historically Bitcoin’s (BTC) best-performing month on average, did not go unnoticed by the broader crypto community.

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