Bitcoin Fear and Greed Index Drops to 57, Signaling Reduced Market Greed on June 5th

According to Alternative Data reported by COINOTAG News on June 5th, the cryptocurrency Fear and Greed Index has declined to 57 from 62 the previous day. This shift signals a moderation in market greed sentiment, reflecting a more cautious investor stance. The index, which ranges from 0 to 100, aggregates key market indicators including volatility (25%), market volume (25%), social media hype (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends analysis (10%). These metrics provide a comprehensive snapshot of current market psychology, essential for investors assessing risk appetite in the volatile crypto landscape. The recent dip in the index suggests a potential recalibration of market dynamics, emphasizing the importance of monitoring sentiment-driven factors alongside fundamental analysis for informed decision-making.