COINOTAG has reported that as of October 2, Alternative data indicates a shift in the cryptocurrency market sentiment. Today’s cryptocurrency panic and greed index has dropped to 42, down from 50 yesterday, signaling a change from a “neutral” to a “panic” state. This index, which ranges from 0 to 100, is derived from various market indicators: volatility (25%), trading volume (25%), social media popularity (15%), market research (15%), Bitcoin’s market dominance (10%), and Google search trends (10%).
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