Crypto Fear and Greed Index Jumps to 76: Stepping into Extreme Greed Territory
CryptoNewsTerminal Staff21 May, 2024
Crypto Fear and Greed Index Jumps to 76: Stepping into Extreme Greed Territory
Fear has turned to extreme greed in the crypto market, with the Crypto Fear and Greed Index indicating a jump to 76. This surge of 6 points marks a shift from a state of fear to extreme greed, highlighting a shift in market sentiment. The index gauges market sentiment based on several factors, including volatility, trading volume, social media buzz, surveys, Bitcoin's dominance in the crypto market, and Google search trends. It ranges from 0 to 100, where 0 represents extreme fear and 100 represents extreme greed. This shift towards greed suggests that investors are becoming overly bullish and may be overlooking potential risks. It's crucial to approach the market with caution and consider the potential for market volatility and downturns.
