As of November 10th, data from COINOTAG reveals that the cryptocurrency Fear and Greed Index has surged to 78, up from yesterday’s reading of 75. This upward trend indicates a prevailing bullish market sentiment, transitioning from a state of greed to extreme greed, marking the highest level observed since June 5th. The Fear and Greed Index, which operates on a scale of 0 to 100, incorporates several key indicators. These include volatility (25%), market volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s dominance ratio (10%), and Google Trends analysis (10%). The continued increase in this index reflects heightened investor optimism, suggesting a potential for increased trading activity and further market growth in the coming weeks.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024