Cryptocurrency Market in Neutral State
On May 1st, data from Alternative shows that the fear and greed index of the cryptocurrency market today has dropped to 53, compared to 56 yesterday. The market is rated as 'neutral'. This index is a tool for predicting market sentiment, with a range from 0 to 100.
Component Index
This composite index includes factors: market volatility (25%), trading volume (25%), popularity on social media (15%), market research (15%), Bitcoin's influence (10%), and Google keyword analysis (10%). The change in the index from yesterday reflects some instability in investor sentiment.
Meaning and Recommendations
The index being at a neutral level indicates that the market is in a phase that is not clearly defined between fear and opportunity. Investors need to be cautious and consider carefully, should not make decisions based on emotions. As a reminder, this information is intended to provide market data and is not investment advice.
Source: https://tintucbitcoin.com/chi-so-so-hai-va-tham-lam-53-thi-truong-trung-lap/
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