Crypto Market Remains ‘Extremely Greedy’ as Fear and Greed Index Stays at 76
CryptoNewsTerminal Staff22 May, 2024
Crypto Market Remains ‘Extremely Greedy’ as Fear and Greed Index Stays at 76
Crypto data provider Alternative.me’s proprietary ‘Fear and Greed Index’ was recorded at 76 on the previous day, same as the day before. The extreme greed phase continued. The index indicates extreme fear in the market when it is closer to 0, and extreme optimism when it is closer to 100. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin’s market cap dominance (10%), and Google Trends (10%).
