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Cryptocurrency Fear and Greed Index Rises to 66, Market Sentiment Heats Up

14/05 08:57

According to BlockBeats, data from Alternative indicates that the cryptocurrency Fear and Greed Index has risen to 66 on May 14, up from 57 the previous day. This increase suggests a warming market sentiment following a rebound in the broader market. The Fear and Greed Index ranges from 0 to 100 and includes several indicators. These are volatility (25%), market trading volume (25%), social media heat (15%), market surveys (15%), the proportion of Bitcoin in the entire market (10%), and Google hot word analysis (10%). The rise in the index indicates a shift in market sentiment from fear to greed, suggesting investors are becoming more confident and willing to take risks in the cryptocurrency market.

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