Crypto's 'Fear & Greed Index' at 73; Market Sentiment Remains Bullish

IconCrypto News Terminal22 Apr, 2024

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Crypto's 'Fear & Greed Index' at 73; Market Sentiment Remains Bullish

Crypto data provider Alternative's proprietary 'Fear & Greed Index' recorded 73 today, up one point from yesterday. The index indicates extreme market fear when it is closer to 0, and extreme optimism when it is closer to 100. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market cap ratio (10%), and Google search volume (10%). The index has been in the greed phase for several days, suggesting that investors are feeling optimistic about the market. This optimism is likely due to the recent rally in Bitcoin and other cryptocurrencies. Bitcoin has been trading above $20,000 for the past few weeks, and other cryptocurrencies have followed suit. Previously on 21 April 2024, "Crypto data provider Alternative's proprietary 'Fear & Greed Index' recorded 72, unchanged from the previous day. The greed phase has been maintained. The index indicates extreme market fear when it is closer to 0, and extreme optimism when it is closer to 100. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market cap ratio (10%), and Google search volume (10%)." ---

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