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On May 2, a report revealed that the Fear and Greed Index of the cryptocurrency market has risen to 67 compared to yesterday's 53, indicating that the market is in a state of 'greed'. This index ranges from 0-100, based on factors such as: volatility (25%), market trading volume (25%), social media heat (15%), market research (15%), Bitcoin's share of the overall market (10%), and hot keyword analysis from Google (10%).
The transition from the old state to the new reflects a vibrant sentiment in the cryptocurrency investment community. The fact that this index has reached significantly higher levels than yesterday indicates growth and renewed confidence in the market.
Investors should note that although the greed index is showing positive prospects, caution is still needed when making financial decisions. This information is intended to provide insights into the market and is not investment advice.
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Source: https://tintucbitcoin.com/chi-so-tham-lam-hom-nay-dat-67-tin-hieu-gi/
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