Crypto market sentiment has turned to extreme greed...

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Cryptocurrency market sentiment has entered the "extreme greedy" range, with the market value soaring to US$2.94 trillion

Cryptocurrency market sentiment has climbed into the "extreme greedy" range. On September 21, the CoinMarketCap Fear and Greed Index rose to 80, up from 72 points the previous day. This reading is only 2 points lower than the annual high of 82 points set on August 27 this year, and a world apart from the February low of 5 points.

Surge in total market value and performance of major assets

The total market value of global cryptocurrencies reached US$2.94 trillion, an increase of 6.07% in the past 24 hours. During the same period, the total transaction volume reached US$146.49 billion, an increase of 108.31%. Bitcoin's market dominance rose to 59.26%, with an intraday increase of 0.60%.

Despite the recent failure to pass the CLARITY Act, Bitcoin and Ethereum prices have continued to rise strongly. Among them, Bitcoin rose more than 7%, trading at approximately US$86,700; Ethereum rose 5.6%, trading at approximately US$2,765. Both assets hit eight-month highs earlier in the trading session.

Index Interpretation: Market Signals and Historical Background

The CoinMarketCap Fear and Greed Index is a proprietary tool used to measure general sentiment in the cryptocurrency market, ranging from 0 to 100. Lower values indicate "extreme fear" and higher values indicate "extreme greed". According to CoinMarketCap's methodology, any reading above 80 is classified as "extremely greedy."

该指数综合了波动性、动能、成交量、市场主导权以及社交媒体数据，以量化0到100范围内的情绪指标。从历史上看，“极度贪婪”时期可能表明市场过热，但单凭情绪指标并非可靠的时间选择依据。业内指出，该指标不应作为判断未来市场走向的唯一独立工具，而应与其他市场数据结合评估。

此次情绪的急剧升温发生在经历艰难上半年之后。2026年第二季度，加密市场延续了下滑趋势，出现连续第三个季度的下跌，总市值下降12.6%，至二季度末降至2.1万亿美元，创下自2024年9月以来的最低点。然而，自此之后的复苏势头显著。