Crypto 'Fear & Greed Index' at 73... Greed Continues
CryptoNewsTerminal Staff18 May, 2024
Crypto 'Fear & Greed Index' at 73... Greed Continues
The Crypto Fear & Greed Index, a measure of market sentiment, has dropped slightly but remains in the Greed phase. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), currently stands at 73. This indicates that investors are still feeling optimistic about the market, despite a slight pullback in prices. The index is calculated based on a number of factors, including volatility, trading volume, social media mentions, surveys, Bitcoin's market cap share, and Google search volume. Volatility and trading volume have both decreased in recent days, which has contributed to the slight drop in the index. However, social media mentions, surveys, and Google search volume have all increased, indicating that interest in cryptocurrencies remains high. Overall, the Crypto Fear & Greed Index suggests that investors are still confident in the long-term prospects for cryptocurrencies. However, the slight drop in the index indicates that some investors are becoming more cautious in the short term.
