Crypto Sentiment Nudges Greener, 'Fear & Greed Index' at 71

IconCryptoNewsTerminal Staff17 Jun, 2024

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Crypto Sentiment Nudges Greener, 'Fear & Greed Index' at 71

Crypto market sentiment is inching closer to extreme optimism, as Alternative's in-house 'Fear & Greed Index' hit 71 today, which is the same as yesterday. The current market sentiment can be defined as greed, with the index moving further away from the extreme fear zone. The index, which gauges market sentiment through six metrics, including volatility, volume, social media, surveys, Bitcoin dominance, and Google trends, reflects the collective emotions of investors towards the crypto market. A reading close to 0 represents extreme fear, while a reading close to 100 represents extreme optimism. Alternative's 'Fear & Greed Index' is a valuable tool for investors to gauge the overall market sentiment and make informed decisions. By understanding the current market sentiment, investors can adjust their strategies accordingly and make more rational investment decisions.

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