As the cryptocurrency market slowed down its rally over the past weeks, which has seen Bitcoin (BTC) surpass the psychological threshold of $28,000, the maiden decentralized finance (DeFi) asset is painting more bullishness in the future as the crypto Fear & Greed Index is recording a 16-month high.

Indeed, the Fear & Greed Index is currently giving off a reading of 68, well into the ‘greed’ area, the highest level since November 2021, when the crypto industry was recording one of the most significant bull runs in its history, according to the alternative.me data retrieved on March 21.

(By Ana Nicenko)