Cryptocurrency investment sentiment declines again... Fear and Greed Index 53

Cryptocurrency Fear-Greed Index (Source: Alternative)

The investment sentiment in the cryptocurrency market has fallen again, with the ‘Fear-Greed Index’ dropping to 53. After rising to a maximum of 72 last week, the Fear-Greed Index is declining.

According to the cryptocurrency data provider Alternative, the Fear-Greed Index fell by 3 points from the previous day, recording 53. This index indicates that the closer to 0, the more investors feel extreme fear, and the closer to 100, the more the market is overheated.

The index is calculated based on factors such as ▲Market volatility (25%) ▲Trading volume (25%) ▲SNS mentions (15%) ▲Surveys (15%) ▲Bitcoin market cap dominance (10%) ▲Google search trends (10%).