Bitcoin (BTC) Surpassed Fear and Enter Into Greed Index

• Bitcoin (BTC) is currently trading at $23,715 and has risen by 2.07% in the last 24 h.
• Bitcoin is in the Greed Index and has reached a 61 score.

Bitcoin (BTC) has begun the year on a positive note, entering the green candle march and trading bullish from the start, overcoming previous bears. BTC is frequently regarded as an alternative investment, and its price can be quite volatile. Despite this, many people and institutions have invested in it as insurance against traditional markets and a way to obtain exposure to the rapidly expanding cryptocurrency market.

Meanwhile, the Fear & Greed Index of Bitcoin (BTC) has in Fear on Jan 20 which is 45 and it has been in the same position at the end of 2022 and from the start of 2023 Then, on Jan 21, BTC entered the Neutral phase. BTC has been in the Neutral and Greed index thus far. And as of January 30, it has reached a 61 score Greed index.

With a score of 61, Bitcoin grief is currently in the Greed zone, reaching its highest point since the peak of the bull run on November 16, 2021, when the currency was trading at around $65,000. Additionally, according to data from IntoTheBlock, 62% of investors make a profit.

Bitcoin (BTC) Price Index

The price of bitcoin has fallen in the past year as of November, it is trading below $16,000. The price of bitcoin has been rising since the beginning of 2023 it starts at $16,000 and is slowly entering the bull market and returning to a greener trend.

Today at the time of writing the price of Bitcoin (BTC) is $23,715 and has climbed by 2.07%. $25.78B in volume over 24 hours. And there are already 19 million Bitcoins in circulation, with a $456 billion market cap.

Furthermore, the global market cap has risen to 1.72% of the $1.08 trillion market cap, and the entire crypto market is thriving and trading in green. According to the data, the first and largest cryptocurrency, Bitcoin (BTC), is predicted to reach $30k in the coming days.