The crypto market has been able to recover above $1 trillion once more after the market rally that was triggered by the Ethereum Merge. This has resulted in more positive market sentiment from investors, causing the Fear & Greed Index to move clear of the extreme fear territory. Such spikes in sentiment can often spell positive news for the digital assets in the space. Index Moves Into Fear Now, even with the positive movement in sentiment, the crypto Fear & Greed Index continues to remain in the fear territory. However, it is a welcome development from last week’s close of 22. With a current score of 34, the index has risen near one-month highs, showing a significant difference in how investors viewed the market last week compared to this week. Related Reading: Crypto Traders Bleed Heavily After Betting Against Market Nevertheless, the market sentiment is still down from where it was last month. The month of August was a rather good one for the market, where bitcoin had reached as high as $25,000, and Ethereum had clocked out at $2,000. In the end, the Fear & Greed Index had moved into a neutral 47, the highest it had been in four months. However, recent developments on Tuesday morning are likely to send market sentiment back into the extreme fear territory. Following the release of the CPI data, which came in at just 0.1%, the crypto market reacted poorly. Market cap drops below $1 trillion | Source: Crypto ...
