Crypto Market Sentiment Dips as Fear and Greed Index Falls

According to BlockBeats, the Alternative data indicates that the Crypto Fear and Greed Index has dropped to 31 today, down from 49 yesterday, with last week's average at 27. This suggests that market sentiment remains in a state of 'fear.' The Fear and Greed Index, which ranges from 0 to 100, is calculated based on several factors: 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%).