The crypto market Fear and Greed Index (measure of investor sentiment) rose above 60 on Aug. 20 and has remained there, indicating bullish market strength. Bitcoin’s rally from $76,000 to above $80,000 helped drive another improvement in sentiment, while the combined altcoin market capitalization, including Ethereum, crossed $1.07 trillion. That level represents the midpoint of a long-term range, with the upper boundary at $1.71 trillion. However, the altcoin season index stood at only 54, below the level above 80 typically associated with market extremes. The index last exceeded 80 in September 2025, weeks before Bitcoin reached its all-time high. Analysts cited improving altcoin breadth, Ethereum’s recovery and manageable open interest as signs that strength could persist, although rising leverage and heightened social-media activity could increase pullback risks.