Return of Greed? Cryptocurrency Fear and Greed Index Reaches 71, Nearing Pre-Crash Levels
08/22 11:55
On August 22, according to Alternative data, the cryptocurrency Fear and Greed Index today stands at 71 (down from 72 yesterday), indicating a 'greed' sentiment in the market that is approaching levels seen before the significant drop in October 2021. Over the past year, this index peaked at 74 on October 5, 2022. Note: The fear index ranges from 0 to 100 and includes indicators such as 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%).
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