Crypto Market Remains in "Greed" Zone as Fear & Greed Index Hits 69

IconCryptoNewsTerminal Staff16 Jul, 2024

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Crypto Market Remains in "Greed" Zone as Fear & Greed Index Hits 69

Alternative, a crypto data provider, recently reported that its "Fear & Greed Index" has risen to 69, a 4-point increase from the previous day. This indicates a slight improvement in sentiment, signaling the continuation of the current greed phase. The Fear & Greed Index measures market sentiment using six key metrics: - Volatility (25%) - Trading volume (25%) - SNS mentions (15%) - Surveys (15%) - Bitcoin market capitalization ratio (10%) - Google search volume (10%) When the index approaches 0, it signifies extreme fear in the market, while values close to 100 indicate extreme optimism. The current reading of 69 suggests that investors are feeling relatively positive about the crypto market. However, it's important to note that the market can change rapidly, and investors should always exercise caution.

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