Bitcoin Market Sentiment Cools Slightly as Crypto Fear and Greed Index Drops to 70
The post Bitcoin Market Sentiment Cools Slightly as Crypto Fear and Greed Index Drops to 70 appeared on BitcoinEthereumNews.com.
On July 16, the Crypto Fear and Greed Index registered a value of 70, indicating a slight moderation from yesterday’s 73. Despite this minor decline, the market sentiment remains firmly within the “greed” territory, reflecting sustained investor confidence. The index, which operates on a scale from 0 to 100, aggregates multiple metrics including volatility (25%), market trading volume (25%), social media engagement (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google search trends (10%). These components collectively provide a comprehensive snapshot of prevailing market emotions, crucial for traders and analysts aiming to gauge risk appetite and potential price movements in the cryptocurrency ecosystem. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/bitcoin-market-sentiment-cools-slightly-as-crypto-fear-and-greed-index-drops-to-70/
