The Crypto Market Is Officially “Greedy” – What Happens Next?

The Crypto Fear & Greed Index is a popular sentiment gauge that aggregates data across volatility, market momentum, social media activity, Bitcoin dominance, and search trends to produce a number from 0 to 100 At the moment, we’re very close to Extreme Greed territory, which starts at 75 Bitcoin surged about 3.5% getting close to its all-time high, while the total crypto market value rose approximately 2% to $4.13 trillion The Crypto Fear & Greed Index just hit 70 today, a sharp jump from 64 last week and a clear signal that bullish sentiment is heating up across the market. For those not in the know, the index is a popular sentiment gauge that aggregates data across: Volatility Market momentum Social media activity Bitcoin dominance And, search trends Together, these factors produce a number from 0 to 100. The current reading of 70 puts the gauge firmly in “Greed” territory, just shy of “Extreme Greed,” which starts at 75. The recent rise to 70 suggests an elevated optimism among investors, in addition to strong buying pressure and growing confidence in the crypto space. A key metric. One of the biggest factors in the index is Bi… The post The Crypto Market Is Officially “Greedy” – What Happens Next? appeared first on Coin Edition .

Source: Coin Edition