Crypto Fear and Greed Index Slides to 72, Indicating Slight Deterioration in Sentiment
CryptoNewsTerminal Staff10 Jun, 2024
Crypto Fear and Greed Index Slides to 72, Indicating Slight Deterioration in Sentiment
The 'Fear and Greed Index', a popular sentiment indicator for the cryptocurrency market, has recorded a slight deterioration. The index, created by data provider Alternative.me, dropped from 75 to 72, indicating a dip into the 'greed' phase. Calculated using a combination of metrics, including volatility, trading volume, and social media mentions, the Fear and Greed Index ranges from 0 to 100. A reading of 0 indicates extreme fear, while 100 indicates extreme greed. While the index has entered the 'greed' territory, the recent decline suggests that market sentiment may be shifting towards a more cautious stance. Investors are advised to monitor the index closely and remain vigilant amid ongoing volatility in the cryptocurrency market.
