Crypto Fear & Greed Index Holds at 70, Signalling Continued Market Optimism
According to BlockBeats, the Cryptocurrency Fear and Greed Index has held steady at 70 for the fourth consecutive day, reflecting a sustained 'greed' sentiment among investors. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), suggests that market participants remain optimistic despite recent volatility.
The index is calculated using a variety of metrics, including volatility and market trading volume (each contributing 25%), social media trends and market surveys (15% each), Bitcoin’s market dominance (10%), and Google search trends (10%). The persistent greed reading may indicate investor confidence, but also raises caution for potential corrections if sentiment shifts.
