Crypto's "Fear and Greed Index" Hits 51...Greed → Neutral
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The crypto "Fear and Greed Index" fell four points from the previous day to 51. According to cryptocurrency data provider Alternative, investor sentiment has deteriorated, shifting from "greed" to "neutral." A value closer to 0 indicates extreme fear in the market, while a value closer to 100 indicates extreme optimism. The Fear and Greed Index is calculated based on factors such as volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap share (10%), and Google searches (10%).
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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