Cryptocurrency market sentiment shifts to 'Greed', Bitcoin dominates, Fear and Greed Index rises to 73
The cryptocurrency Fear and Greed Index has seen a significant change, soaring from 70 the previous day to 73. This upward trend indicates that investors' greed sentiment is escalating, especially compared to last week's average of 67.
The Fear Index ranges from 0-100 and is an important tool for measuring trader sentiment, based on multiple factors. These factors include volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin's dominance (10%), and Google Trends analysis (10%).
Investors should closely monitor these indicators to better understand market dynamics and make informed decisions.
