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The Crypto Market Remains in a "Greed" State, with Sentiment Shifting from "Neutral" to Strongly Positive Since the Beginning of the Month
BlockBeats News, August 11th, according to Alternative Data, today's Crypto Fear and Greed Index is 70, compared to 69 yesterday (last week's average was 64), indicating that market sentiment is in a "Greed" state.
The crypto market sentiment had previously dropped to 53 at the beginning of the month, falling into "Neutral" territory for the first time since July, and has now fully recovered.
Note: The Fear Index threshold is 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).
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