Crypto Fear and Greed Index rises to 59, entering 'greed' zone
- —Index rose 6 points in a day, from 53 to 59
- —Classification moved from 'neutral' to 'greed'
- —Alternative.me calculates the gauge for the bitcoin market
- —The investor survey component is currently suspended
Why it matters: The move into greed territory points to improving risk appetite, though the index alone does not signal price direction or timing.
Source: TokenPost