'Fear and Greed Index for Cryptocurrencies at 73... Greed Continues'

IconCryptoNewsTerminal Staff30 May, 2024

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'Fear and Greed Index for Cryptocurrencies at 73... Greed Continues'

Alternative's self-estimated "Fear and Greed Index" rose by 1 point from the previous day to 73, indicating continued greed in the cryptocurrency market. The index ranges from 0 (extreme fear) to 100 (extreme optimism). The Fear and Greed Index is calculated based on volatility, trading volume, social media mentions, surveys, Bitcoin market cap ratio, and Google search volume. The index suggests that investors are generally optimistic about the cryptocurrency market, despite recent fluctuations in prices. However, it is important to note that the index is only one indicator and should not be used as the sole basis for investment decisions.

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