#MarketGreedRising

BlockBeats news, on August 13, has reported that according to Alternative data, the current cryptocurrency fear and greed index stands at 73, showing an increase from yesterday's reading of 68. This marks a notable shift in sentiment, with a weekly average now sitting at 54, suggesting that the market is experiencing a persistent 'greed' sentiment among investors and traders alike.

It is important to note that the fear and greed index operates on a scale from 0 to 100, with several key indicators contributing to its calculation. These indicators include volatility (25%), market trading volume (25%), social media heat (15%), market surveys (15%), Bitcoin's share of the entire market (10%), and Google trends analysis (10%). This comprehensive approach provides valuable insights into market psychology and investor behavior.