According to COINOTAG News reported on June 17, the Cryptocurrency Fear and Greed Index has risen from 61 the previous day to 68, indicating that greed sentiment in the cryptocurrency market is strengthening. The index ranges from 0 to 100 and aggregates several key indicators, including volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends analysis (10%). The increase in the index suggests that investors are becoming more optimistic, reflecting active trading activity and positive market dynamics. Monitoring this comprehensive indicator can provide insights into market psychology, helping traders and analysts make informed decisions based on current sentiment trends.
