Crypto ‘Fear and Greed Index’ Remains in Greed Territory at 74

IconCryptoNewsTerminal Staff27 May, 2024

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Crypto ‘Fear and Greed Index’ Remains in Greed Territory at 74

The ‘Fear & Greed Index’ from cryptocurrency data provider Alternative has recorded 74, down by 1 point from the previous day, indicating that greed remains in the cryptocurrency market. The index, which ranges from 0 to 100, measures market sentiment and indicates extreme fear when it approaches 0 and extreme optimism when it approaches 100. The index is calculated based on volatility, trading volume, SNS mentions, surveys, the proportion of Bitcoin market capitalization, and Google search volume. The index has been in greed territory since March, and the current reading suggests that investors are still optimistic about the cryptocurrency market. However, the index has cooled down from a high of 84 in April, indicating that some investors may be becoming more cautious.

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