Bitcoin Market Sentiment Remains in “Greed” Zone as Crypto Fear and Greed Index Hits 61

According to COINOTAG News on June 16, the Crypto Fear and Greed Index registered a value of 61, slightly up from 60 the previous day, signaling a sustained market sentiment of greed. This index, which ranges from 0 to 100, aggregates multiple key indicators including volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google Trends analysis (10%). The consistent reading above 60 reflects a bullish investor outlook, underscoring increased risk appetite within the cryptocurrency ecosystem. Market participants and analysts often rely on this composite metric to gauge prevailing emotions and potential market momentum, making it a critical tool for strategic decision-making in crypto asset management.