The Crypto Fear & Greed Index rise to 61, indicating a move from Neutral to Greed.
Rising market cap and trading volumes drives growing confidence among crypto investors.
Bitcoin’s dominance continues at 53.49%, solidifying its role in shaping market sentiment.
The Crypto Fear & Greed Index, a widely followed metric to track market sentiment in the crypto sector, hit 61 on September 27, up slightly from the previous day’s score of 50.
The #Crypto Fear & Greed Index is now at 61 (Greed).
The last time the index reached 60+ was in late July, indicating a similarly optimistic market outlook.
Track Fear & Greed Index 
https://t.co/bx1B7OPAsG pic.twitter.com/DTu1uDfYJ8
— CryptoRank.io (@CryptoRank_io) September 27, 2024
This move shifted the index from the Neutral zone into the Greed region, reflecting rising confidence among market participants. The index uses a scale from 0 to 100, where 0 represents extreme fear and 100 indicates extreme greed.
Factors Influencing the Crypto Fear & Greed Index
The Crypto Fear & Greed Index considers six main factors: market swings, trading momentum and volume, social media activity, survey results, Bitcoin’s market …
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