Crypto Fear & Greed Index 84...Extreme Greed Continues

05 December, 2024, 12:30 AM

The crypto market sentiment has turned to extreme greed as the Fear & Greed Index has risen to 84. This index measures market sentiment on a scale of 0 to 100, with 0 representing extreme fear and 100 representing extreme greed. Several factors contribute to the index, such as volatility, volume, social media, surveys, bitcoin market capitalization ratio, and Google search volume. As the crypto market recovers, the index has been in bullish territory for several days now. This indicates that investors are generally optimistic about the future of cryptocurrencies. However, it is important to note that the index can be volatile and can change rapidly. Therefore, investors should use it as one of many factors when making investment decisions.