According to BlockBeats, the Alternative data indicates that the cryptocurrency Fear and Greed Index has dropped to 71 today, down from 74 yesterday, reflecting a cooling in market greed.
The Fear and Greed Index ranges from 0 to 100 and is calculated based on several factors: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google Trends analysis (10%).
