Crypto Fear & Greed Index falls to 62, remaining ‘Greed’

The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 62 as of June 4, down two points from the previous day. Despite weaker sentiment, the crypto market is still in the territory of “Greed.” 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%). Currently, surveys are paused.