The Crypto Fear & Greed Index crept up two points to 29 out of 100 on Monday — its highest reading since late January — but that number still signals fear among Bitcoin investors.
Markets had barely settled from a rough weekend before the index was being watched again as a barometer of just how shaky confidence remains in the crypto space.
That unease has a clear cause. A two-week ceasefire between the US and Iran, which had given financial markets a brief lift and helped keep oil prices in check, is now under serious strain. It is set to expire Wednesday.
US Military Seizure Rattles Markets
The trouble started Saturday when Iran said it would shut down key oil shipping lanes through the Strait of Hormuz.
Bitcoin, which had climbed to $78,300 on Coinbase late Friday — its strongest price since early February — quickly gave up those gains. By Saturday and into early Sunday, it had slid to between $75,000 and $76,000.
Then came Sunday night. The US military ope
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