Crypto Sentiment Jumps to Extreme Greed as Bitcoin Nears $80,000

Crypto sentiment has made one of its fastest mood reversals in recent market history as Bitcoin approaches $80,000. The Crypto Fear and Greed Index surged from 27 on Aug. 12 to 74 on Tuesday, its highest level since October 2025.

The index, which had languished at 27 on Aug. 12, eased to 65 on Wednesday, still firmly in greed territory. It had spent every day from late July through Aug. 19 in the fear zone, bottoming at 25 on Aug. 6.

Bitcoin traded around $79,000 on Wednesday after peaking above $81,000 in the previous session, marking its fastest weekly advance in roughly five years.