According to BlockBeats, the Alternative data indicates that the cryptocurrency Fear and Greed Index has decreased to 57 from yesterday's 62, reflecting a cooling in market 'greed' sentiment.
The Fear and Greed Index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends analysis (10%).
