Along with the movement in the cryptocurrency market, the cryptocurrency Fear and Greed Index has also risen! Here are the details
The cryptocurrency market's Fear and Greed Index, which tracks investor sentiment, has shown a significant improvement. The index, calculated by CoinMarketCap, rose to 55 today, marking a 14-point increase from the previous day. While still in the neutral zone, this indicates investors are adopting a more positive outlook. The index, ranging from 0 (extreme fear) to 100 (extreme greed), suggests sentiment has strengthened considerably, though the market is not yet in a state of extreme optimism. The calculation incorporates several market indicators including price movements of top cryptocurrencies, market volatility, derivatives market signals (especially put/call ratios), stablecoin supply volumes, and search trend data. This 14-point daily rise signals a recent increase in risk appetite among crypto investors. However, the index remaining neutral suggests expectations for a strong bull run are not yet fully in place. Market participants will continue to monitor the index's underlying factors, particularly price action and volatility, in the coming period.
cryptonews.ru08/20 08:06