Crypto 'Fear and Greed Index' Hovering Around 72...
CryptoNewsTerminal Staff12 Jun, 2024
Crypto 'Fear and Greed Index' Hovering Around 72...
The crypto market sentiment is currently in a state of "greed", according to the 'Fear and Greed Index' by Alternative.me, a crypto data provider. The index, which measures market sentiment on a scale of 0 to 100, stood at 72 on Friday, down slightly from 74 the previous day. The index is calculated based on a variety of factors, including volatility, trading volume, social media activity, and surveys. A reading close to 0 indicates extreme fear, while a reading close to 100 indicates extreme greed. The index has been hovering around 70 for the past few weeks, suggesting that the market is still in a state of optimism. However, the recent dip could be a sign that sentiment is starting to deteriorate slightly. Investors should be aware of the potential for a reversal in market sentiment, and should adjust their trading strategies accordingly. ---
