With crypto markets rebounding since the beginning of 2023, retail investors are rediscovering their appetite for cryptocurrencies and other digital assets. For example, the Crypto Fear and Greed Index hit its highest index score earlier this year, recording 66 on March 20. This index aims to numerically represent current sentiment toward the crypto market, with the highest score being 100. A score of 66 has not been recorded since November 2021, when Bitcoin hit an all-time high of $69,000.
In the wake of transitioning back to traditional work environments after several years of widespread remote employment, an increasing number of people have found themselves leveraging their mobile devices and online services as essential tools for both professional and recreational trading.