Bitcoin\u00a0prices reached almost $ 16,000 during the day. The rally doesn\u2019t stop. With its dramatic increases, BTC shows the levels of\u00a0\u201cExtreme Greed\u201d\u00a0in the\u00a0Crypto Fear and Greed Index.\r\n\r\nCurrently, the world\u2019s best-known cryptocurrency is in the rally mood. The cryptocurrency community has supported BTC\u2019s impressive price-performance too. In the last 24 hours, the price of the leading cryptocurrency has increased by 3.75% and has climbed over $15,500. Bitcoin, which suffered heavy losses in March, has recovered well since then. During the day, its price approached almost $ 16,000. This is the highest level since January 2018.\r\nThe Fear and Greed Index Has Hit 90\r\nWhile all this was happening, the\u00a0Fear and Greed Index\u00a0has hit\u00a090. This level indicates that the market is in a state of \u201cExtreme Greed.\u201d Extreme fear is a sign that investors are very anxious. On the contrary, extreme greed is defined as a signal of correction in the market. This is the highest value achieved in more than 12 months.\r\n\r\n\r\n\r\n\r\n\r\nThe cryptocurrency market is too sensitive to emotional behavior. Therefore, the Fear and Greed Index was developed by CNNMoney to measure the crypto community\u2019s emotions. It is based on a combination of data points, including volatility, social media, and Google trends. If it approaches zero, the market will be extremely scary, while 100 means \u201cExtreme Greed\u201d. As the graph below shows, the index is now in the \u201cextreme greed\u201d area with 90 points. The all-time high measurement was 95 on June 26, 2019.\r\n\r\n\r\nWhy Bitcoin Turn Toward \u201cExtreme Greed\u201d\r\nThe reason why the indicator points to extreme greed is because of the recent price action of\u00a0Bitcoin (BTC). The number of new addresses joining the Bitcoin network has increased 14.89% last week, reaching the point before the all-time highs seen in November 2017. Bitcoin also has strong fundamentals that support this rally, as big companies like\u00a0Square, MicroStrategy,\u00a0and multi-billionaire platforms like\u00a0Stone Ridge\u00a0invest millions of dollars in Bitcoin.\r\n\r\nExcessive greed usually indicates short-term rises in the markets, as it means that the market is very alive. The total cryptocurrency market cap has increased by 7.8% since this time yesterday. According to Coin360, BTC maintains its market dominance at 66.52%.\r\n\r\n#coinsfera #cryptonews #buybitcoinistanbul #buybitcoindubai\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.