Fear and Greed Index Rises to 65, Bitcoin Drives Market Sentiment
On April 26, the cryptocurrency 'Fear and Greed Index' has risen to '65', reflecting an increasing 'bullish sentiment' in the market. This index has increased from '60' the previous day, indicating a wave of 'greed' among investors.
The index ranges from '0-100' and takes into account several key factors: volatility (25%), market trading volume (25%), social media hype (15%), market surveys (15%), Bitcoin's overall market dominance (10%), and Google Trends analysis (10%).
These indicators play a crucial role in assessing investor sentiment and market momentum. As the cryptocurrency ecosystem continues to evolve, these indicators provide important insights, enabling traders and enthusiasts to respond more accurately to the complexities of this dynamic landscape.
