Crypto Fear & Greed Index enters 'Greed' for first time in over 3 months

The Crypto Fear & Greed Index has risen 13 points from the previous day to 61, shifting into the 'Greed' territory amid improving investor sentiment, according to data from Alternative. This marks the first time the index has surpassed 60 to enter the 'Greed' phase since Oct. 10 of last year, which coincided with a record-breaking forced liquidation event. The index measures market sentiment on a scale where 0 indicates 'Extreme Fear' and 100 represents 'Extreme Greed.' It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market dominance (10%), and Google search volume (10%).