Crypto Fear and Greed Index Rises to 75, Sentiment Improves
CryptoNewsTerminal Staff05 Jun, 2024
Crypto Fear and Greed Index Rises to 75, Sentiment Improves
The Crypto Fear and Greed Index, a measure of market sentiment, has risen by 2 points from the previous day to 75. This indicates a slight improvement in sentiment, with greed continuing to be the dominant emotion in the market. The index is calculated based on six factors: volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), bitcoin market capitalization ratio (10%), and Google search volume (10%). A value close to 0 indicates extreme fear, while a value close to 100 indicates extreme optimism. The recent rise in the index suggests that investors are becoming more confident in the crypto market. This is likely due to a combination of factors, including the recent rally in bitcoin prices and the increasing adoption of cryptocurrencies by businesses and institutions. Despite the positive trend, it is important to note that the Crypto Fear and Greed Index is a volatile measure and can change rapidly. Investors should therefore be cautious and not make investment decisions based solely on this index.
