According to alternative.me data, the Crypto Fear & Greed Index (a metric designed to measure market sentiment) fell to 59 Tuesday. This is a drop from a near 18-month high of 68 one week ago. Market sentiment has moved into “greed” mode if it is above 50, and below 50 indicates “fear.” Since November 2021, when bitcoin hit an all-time high of almost $69,000, the index had been at 68. The gauge is still in the “greed zone” despite the fact that it has fallen to 59 last week. This suggests that investor sentiment remains bullish. This year’s rebound to “greed”, despite regulatory crackdowns, is due to crypto prices rebounding despite macroeconomic worries and macroeconomic fear.