According to Alternative data reported by COINOTAG News on June 10th, the cryptocurrency Fear and Greed Index has risen to 71, up from 62 the previous day. This shift reflects an increasing greed sentiment among market participants, signaling heightened investor confidence. The index, which ranges from 0 to 100, aggregates multiple metrics including volatility (25%), market volume (25%), social media buzz (15%), market surveys (15%), Bitcoin’s dominance (10%), and Google Trends analysis (10%). These components collectively provide a comprehensive gauge of market psychology, offering valuable insights for traders and analysts seeking to assess prevailing sentiment dynamics within the crypto ecosystem.
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