Crypto 'Fear-Greed Index' at 84...Extreme Greed Continues, Altcoin Seasonal Index at 39

Crypto data provider Alternative's self-estimated Fear-Greed Index rose four points from the previous day to 84. The extreme greed phase continues. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme optimism. The Fear and 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%).

Meanwhile, The 'Altcoin Season Index' of CoinMarketCap, a comprehensive information platform for cryptocurrencies, stood at 39 as of 9:40 UTC. This is an increase of 4 points from the previous day. The Altcoin Seasonal Index is calculated by comparing the price appreciation rate between the top 100 coins by market capitalization (excluding stable-latent coins) and Bitcoin. If 75% of the top 100 coins have gained more than Bitcoin over the past 90 days, it is altcoin season, and vice versa. The closer it is to 100, the better the altcoin season.