According to the index of fear and greed of cryptocurrencies, compiled by the Alternative.me tracker, on Monday the sentiment in the cryptocurrency market became “neutral” after almost three months of being in the aze “greed”. The index currently shows a score of 52, which indicates neutrality on a scale from 0 to 100. Levels close to zero indicate “extreme fear,” and levels close to 100 indicate they call for “extreme greed.” The indicator remained in “greed” territory since October 24 last year and reached a maximum of 76 points on January 9 in anticipation of US approval of spot bitcoin exchange-traded funds.
According to the tracker, the index takes into account many factors, such as volatility, market volume, social networks, dominance and trends. Over the past 24 hours, the price of Bitcoin has fluctuated in the range from $41,753 to $43,005, the current price is approximately $42,200.
