Bitcoin Market Sentiment Surges to Greed as Fear and Greed Index Climbs to 62

According to Alternative Data reported by COINOTAG News on June 8th, the cryptocurrency Fear and Greed Index has surged to 62, marking a notable increase from yesterday’s 52. This shift indicates a transition in market sentiment from “Neutral” to “Greed,” reflecting heightened investor confidence. The index, which ranges from 0 to 100, aggregates multiple key indicators including Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%). These metrics collectively provide a comprehensive gauge of market dynamics, offering traders and analysts valuable insights into prevailing investor behavior and potential price momentum within the crypto ecosystem.