Crypto ‘Fear & Greed Index’ Remains Strong at 72
CryptoNewsTerminal Staff01 Jun, 2024
Crypto ‘Fear & Greed Index’ Remains Strong at 72
The ‘Fear & Greed Index’, a self-developed measure by cryptocurrency data provider Alternative, remained strong at 72 out of 100 on Monday, indicating the market continues to experience greed. The index dropped 1 point from the previous day but remains firmly in the greed phase. The index has been in the greed phase since March 10, 2023, indicating that investors are feeling optimistic about the market. The Fear & Greed Index is made by combining six different factors: volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), bitcoin market capitalization ratio (10%), and Google search volume (10%). When the index is closer to 0, it indicates extreme fear in the market, while extreme optimism is indicated when it is closer to 100. Despite the index remaining in the greed phase, it is important to note that the market can change rapidly. Investors should always do their own research before making any investment decisions.
