Crypto Fear & Greed Index at 70: Greed Persists

IconCryptoNewsTerminal Staff13 Jun, 2024

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Crypto Fear & Greed Index at 70: Greed Persists

Cryptocurrency data provider Alternative's popular "Fear & Greed Index" has dipped slightly by 2 points from the previous day, yet remains in the "greed" stage at 70. The index, which measures market sentiment, ranges from 0 (extreme fear) to 100 (extreme greed). The Fear & Greed Index considers various factors to gauge market sentiment: - Volatility (25%) - Trading volume (25%) - Mentions on social media (15%) - Surveys (15%) - Bitcoin dominance (10%) - Google search volume (10%) Currently in the "greed" zone, the index suggests that investors are feeling optimistic about the crypto market despite recent fluctuations. However, as the index approaches 100, it may indicate an overheated market prone to a correction. This news follows a recent surge in Bitcoin's price, which has pushed the overall crypto market upward. As the market continues to evolve, it will be interesting to monitor how the Fear & Greed Index changes and what it reveals about investor sentiment.

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