The cryptocurrency Fear and Greed Index increased to 66 today, up from 65 the previous day, reflecting heightened investor optimism in digital asset markets.
This widely monitored indicator measures market sentiment on a scale of 0 to 100 by aggregating multiple data sources, where values above 50 signal increasing confidence. Its calculation incorporates six weighted components: volatility (25%), market trading volume (25%), social media engagement (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google search trends (10%).
The upward movement suggests improved market conditions across key metrics, with investors showing reduced fear amid strengthening crypto asset performance. Such shifts in the index often precede changing investment patterns as market participants respond to evolving sentiment signals.