Crypto 'Fear & Greed Index' at 71: A Slight Deterioration in Sentiment
Crypto News Terminal23 Apr, 2024
Crypto 'Fear & Greed Index' at 71: A Slight Deterioration in Sentiment
The "Crypto Fear & Greed Index," a measure of market sentiment in the cryptocurrency industry, has experienced a slight deterioration, falling to 71 from a previous value of 74. This indicates a shift towards a more neutral sentiment, as the index previously reached its highest level since May 2022. The index takes into account factors such as volatility, market momentum, and social media sentiment, providing a snapshot of the overall market mood. A reading above 50 indicates a positive sentiment, while below 50 suggests fear or uncertainty. The recent decline in the index suggests that investors are becoming somewhat more cautious, possibly in response to factors such as regulatory concerns and the ongoing conflict in Ukraine. Despite this, the index remains above the neutral value, indicating that overall sentiment remains cautiously optimistic.
