Extreme Greed Continues as Crypto 'Fear & Greed Index' Stays High

IconCryptoNewsTerminal Staff25 Jul, 2024

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Extreme Greed Continues as Crypto 'Fear & Greed Index' Stays High

The 'Fear & Greed Index' by Alternative, a crypto data provider, remains at 68, indicating extreme greed in the market. This index measures market sentiment by evaluating factors such as volatility, trading volume, social media activity, surveys, and search trends. When the index approaches 0, it signifies extreme fear, while a value close to 100 indicates extreme optimism. The current reading of 68 suggests that investors are highly optimistic about the crypto market. Despite the ongoing greed, market downturns can occur even when the index is high. Therefore, investors should approach their trades with caution and consider diversifying their portfolio to mitigate risks.

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