According to BlockBeats, data from Alternative indicates that the cryptocurrency Fear and Greed Index has risen to 66 on May 14, up from 57 the previous day. This increase suggests a warming market sentiment following a rebound in the broader market. The Fear and Greed Index ranges from 0 to 100 and includes several indicators. These are volatility (25%), market trading volume (25%), social media heat (15%), market surveys (15%), the proportion of Bitcoin in the entire market (10%), and Google hot word analysis (10%). The rise in the index indicates a shift in market sentiment from fear to greed, suggesting investors are becoming more confident and willing to take risks in the cryptocurrency market.
Cryptocurrency Fear and Greed Index Rises to 66, Market Sentiment Heats Up
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