Bitcoin Market Sentiment Dips to Fear Level as Crypto Fear and Greed Index Falls to 42

According to Alternative Data reported by COINOTAG News on June 22, the cryptocurrency fear and greed index has declined to 42 from yesterday’s 49, signaling a shift in market sentiment from “Neutral” to “Fear.” This index, which ranges from 0 to 100, integrates multiple critical indicators including volatility (25%), market trading volume (25%), social media hype (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends analysis (10%). The drop reflects growing caution among investors as these combined metrics suggest heightened uncertainty in the crypto market. Monitoring this composite index provides valuable insights for traders and analysts aiming to gauge the prevailing crypto market sentiment and adjust strategies accordingly.