Crypto data provider Alternative’s proprietary ‘Fear & Greed Index’ recorded 64, down 1 point from the previous day. Despite the slight dip, the index remains in the greed phase. The index indicates extreme market fear as it approaches 0 and extreme optimism as it approaches 100. The Fear & Greed Index is calculated based on volatility (25%), volume (25%), social media mentions (15%), surveys (15%), bitcoin market cap ratio (10%), and Google search volume (10%). Despite the market’s current greed, investors are advised to exercise caution and conduct thorough research before making any investment decisions.