According to Alternative Data reported by COINOTAG News on June 8th, the cryptocurrency Fear and Greed Index has surged to 62, marking a notable increase from yesterday’s 52. This shift indicates a transition in market sentiment from “Neutral” to “Greed,” reflecting heightened investor confidence. The index, which ranges from 0 to 100, aggregates multiple key indicators including Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%). These metrics collectively provide a comprehensive gauge of market dynamics, offering traders and analysts valuable insights into prevailing investor behavior and potential price momentum within the crypto ecosystem.
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