Bitcoin Market Sentiment Stays Greedy with Fear and Greed Index at 72 on July 20

Key Points

1. The crypto Fear and Greed Index registered a value of 72 on July 20, slightly down from 74 the previous day.

2. The index has maintained an average of 74 over the past week, signaling a consistent 'greedy' market sentiment.

3. The index synthesizes multiple indicators including volatility (25%), market trading volume (25%), social media engagement (15%), market surveys (15%), Bitcoin’s market dominance (10%), and Google search trends (10%).

4. The index provides a comprehensive gauge of the crypto market’s emotional state, aiding traders and analysts in navigating market dynamics.