Bitcoin Market Sentiment Stays Greedy with Fear and Greed Index at 72 on July 20

On July 20, the crypto Fear and Greed Index registered a value of 72, slightly down from 74 the previous day, while maintaining a consistent average of 74 over the past week. This metric signals that market sentiment remains predominantly in a “greedy” phase, reflecting investor optimism and increased risk appetite. The index, which ranges from 0 to 100, synthesizes multiple indicators including volatility (25%), market trading volume (25%), social media engagement (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google search trends (10%). These components collectively provide a comprehensive gauge of the crypto market’s emotional state, offering valuable insights for traders and analysts aiming to navigate current market dynamics with informed precision.