The Crypto Fear and Greed Index has increased to 61, a slight uptick from 60 recorded the previous day, indicating prolonged greed sentiment across cryptocurrency markets. This elevation reflects heightened investor risk appetite within the digital asset ecosystem.
The index, which operates on a 0-100 scale ranging from extreme fear to extreme greed, synthesizes multiple market indicators. These include historical volatility, trading volume, social media sentiment, market surveys, Bitcoin’s dominance, and analyses of Google Trends data.
Readings above 60 signal robust bullish sentiment among investors and increased willingness to assume market risk. As a crucial decision-making tool in crypto asset management, the index helps quantify emotional market conditions and identify potential momentum shifts, enabling informed strategic planning for market participants.