March 14, 2024 · Price Rally
Bitcoin All-Time High, $73,800
Bitcoin breaks its 2021 high powered by ETF inflows
Crypto Fear & Greed
88
Extreme Greed
Source: Alternative.me, March 14, 2024
Bitcoin price
$73,800
30-day change
-8%
Lower 30 days later
What happened
In March 2024, Bitcoin broke through its November 2021 all-time high of $69,000 and surged to $73,800. The rally was driven by a confluence of factors: massive ETF inflows (particularly BlackRock's IBIT), pre-halving narrative momentum, and growing institutional FOMO. Alternative.me's Crypto Fear & Greed Index read 88, Extreme Greed. Unlike the 2021 high which was driven largely by retail speculation, this rally was characterized by institutional flows through regulated vehicles, signaling a structural shift in Bitcoin's investor base.
Key narratives
- ETF inflows
- Institutional FOMO
- Pre-halving rally
About the score
The score is the daily value of the Crypto Fear & Greed Index, Alternative.me, a composite of market and attention data. Perception’s own media-based reading for the same day is in the daily sentiment archive for March 14, 2024.
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