Crypto 'Fear-Greed Index' at 65...greed shifts
The price of cryptocurrencies, including Bitcoin, is on the rise. Bitcoin is up more than 5%, passing the $64.5K mark.
Cryptocurrency data provider Alternative's self-estimated "Fear-Greed Index" rose to 65, up 13 points from the previous day. The index moved from neutral to greedy as sentiment improved. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market capitalization (10%), and Google searches (10%).
