Crypto Fear & Greed Index rises seven points to 59, entering ‘Greed’ zone

The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 59 as of May 6, up seven points from the previous day. Amid improved sentiment, the index shifted from the “Neutral” zone to the "Greed" zone. The index ranges from 0 to 100 where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear and greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%) and Google Trends (10%).