Bitcoin Fear and Greed Index Rises to Neutral at 47, Signaling Stabilizing Crypto Market Sentiment

According to Alternative Data, the cryptocurrency market’s Fear and Greed Index has risen to 47 as of June 23rd, marking a shift towards a neutral market sentiment. This index, which ranges from 0 to 100, aggregates multiple key indicators including volatility and market trading volume—each contributing 25%—alongside social media hype and market surveys, both weighted at 15%. Additionally, Bitcoin’s market dominance and Google Trends analysis factor in at 10% each, providing a comprehensive gauge of investor sentiment. The increase from yesterday’s score of 42 suggests a moderation in market anxiety, reflecting a more balanced outlook among traders and investors. Monitoring this index is crucial for stakeholders aiming to navigate the evolving dynamics of the crypto ecosystem with informed precision.