Crypto Fear & Greed Index falls to 61, remaining in ‘Greed’ zone

The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 61, down eight points from yesterday. Despite the weakened sentiment, the index stayed in 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 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.