Crypto 'Fear & Greed Index' Stays in Greed Zone, Nears Extreme Optimism

IconCryptoNewsTerminal Staff22 Jul, 2024

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Crypto 'Fear & Greed Index' Stays in Greed Zone, Nears Extreme Optimism

The Crypto Fear & Greed Index, a measure of market sentiment, has risen further into the greed zone, indicating continued optimism among investors. As of today, the index stands at 71, up from 70 the previous day. It is now just 5 points away from reaching the extreme optimism level of 75. The index is calculated based on a range of factors, including volatility, trading volume, social media mentions, surveys, bitcoin dominance, and Google search volume. The high reading on the Fear & Greed Index suggests that investors are becoming increasingly confident in the crypto market. However, it's worth noting that excessive greed can lead to market bubbles and ultimately crashes. It is important for investors to remain informed and cautious when making investment decisions, even during periods of extreme optimism.

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