Alternative's "Fear and Greed Index" for cryptocurrencies stands at 74, marking a decline of 5 points compared to the previous day. This shift indicates a transition from the "extreme greed" stage to the "greed" stage. The index measures market sentiment and ranges from 0 (extreme fear) to 100 (extreme greed). The index considers various factors in its calculation, including volatility, trading volume, social media mentions, surveys, Bitcoin market capitalization, and Google search volume. Currently, the market sentiment is characterized by caution and a tempered enthusiasm for cryptocurrencies.

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