Crypto Markets Experience Mixed Signals Amidst Fear and Greed.
The Fear and Greed Index for the crypto market has pulled back to 59 from a nearly 18-month high of 68 reached one week ago, indicating that investor sentiment remains bullish despite growing regulatory crackdowns and macroeconomic fears. The index had been stuck in the "fear" and "extreme fear" territories for most of 2022. The recent rebound to "greed" came as crypto prices bounced back, with Bitcoin recently just shy of $27,000 after starting the year around $16,500. The US Commodity Futures Trading Commission (CFTC) is suing crypto exchange Binance and founder Changpeng Zhao on allegations the company knowingly offered unregistered crypto derivatives products in the US against federal law.