Crypto Market Sentiment Soars to Pre-Crash Levels

Crypto market sentiment has seen a significant recovery in the last two weeks, according to the Crypto Fear and Greed Index. The index, which was at 27 on August 12th and in the 'fear' zone, rose to 74 on Tuesday, entering the 'greed' zone.

This marks its highest level since before the major market crash in October 2025, when it was last at similar levels on October 5, 2025. Just five days after that date, a sharp sell-off liquidated approximately $19 billion in leveraged positions.

The shift in market sentiment has also been reflected in the price performance of crypto assets. Bitcoin quickly approached $80,000 after trading below $68,000 last week, while some major cryptocurrencies saw increases of up to 70%.

Meme tokens have particularly stood out in the altcoin market, with Dogecoin gaining approximately 24% in value over the past week and smaller-scale meme coins like Thinking Cat rising 131% and Cash Cat increasing by 113%.