The 'Crypto Fear & Greed Index', which indicates the investment sentiment in the cryptocurrency market, remains in the 'greed' zone despite heightened tensions in the Middle East. This indicator quantifies market sentiment, with higher numbers suggesting a more optimistic investment attitude.
The Fear & Greed Index updated last Sunday recorded 60, maintaining the greed zone. This was sustained despite BTC falling 2.8% to $103,000 on the previous Friday. This occurred after geopolitical tensions rose when Israel launched airstrikes on some areas in Tehran, and Iran retaliated with dozens of ballistic missiles.
Just two days earlier on Thursday, the index was at 71, reflecting an even stronger greed phase. Typically, below 50 is interpreted as 'fear', above 50 as 'greed', and over 70 reflects an excessively optimistic sentiment. This suggests strong expectations of a rise centered on Bitcoin.
Before the recent price drop, Bitcoin was showing strong momentum, nearly testing its all-time high of $111,970 from May 22nd. Currently, Bitcoin is trading around $105,670. Despite high surge expectations, geopolitical risks have temporarily pressured prices.
Experts predict that while geopolitical shocks might temporarily disrupt investment sentiment, they are unlikely to fundamentally alter long-term cryptocurrency investment trends. Particularly, Trump's relatively crypto-friendly stance is seen as a factor enhancing investment environment expectations in the US.
Ultimately, the maintained greed level of the Crypto Fear & Greed Index suggests that overall market investment sentiment remains positive despite short-term negative factors.
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