Bitcoin sentiment breaks free from ‘extreme fear’ — returning to ‘neutral’ for the first time since May

The Bitcoin Fear and Greed Index has finally returned to ‘neutral’ after being stuck in ‘fear’ territory since mid-May.

The index, which reflects investor sentiment, hit its lowest valuation in a year on July 21, when it hovered at 10.

The uptake in sentiment comes as Bitcoin’s value finally broke away from its support price of $30,000 and temporarily breached the $40,000 barrier.