#CardanoDebate Crypto Fear & Greed Index stays in greed territory amid Israel-Iran conflict

While the index remains in the “Greed” zone if history repeats following last year’s Israel-Iran tensions, it may decline into “Fear” in the coming weeks.

The Crypto Fear & Greed Index, which tracks overall crypto market sentiment, has remained in the “greed” zone despite rising geopolitical tensions after Israel launched a series of airstrikes on Iran.

The Index posted a score of 60 in its Sunday update, maintaining its position in the greed territory despite Bitcoin 

BTC

$105,493

 falling 2.8% to $103,000 on Friday. This followed explosions reportedly heard in Tehran at 22:50 UTC on Thursday, which Israel claimed responsibility for. Iran reportedly retaliated with “dozens of ballistic missiles” on Friday night.

On Thursday, the Index was holding a Greed score of 71.

Bitcoin was nearing all-time highs

Bitcoin’s price decline came as it was edging closer to retesting its May 22 all-time high of $111,970. At the time of publication, Bitcoin is trading at $105,670, according to CoinMarketCap.