The post Bitcoin Dominates as Crypto Market Sentiment Hits Two-Month High, Greed Index at 61 appeared on BitcoinEthereumNews.com.

On September 27, COINOTAG reported via Alternative data that the cryptocurrency market sentiment index has reached 61, up from 50 just a day earlier. This increase signifies a two-month high in market optimism, as the index transitions into the “greed” phase after a month’s hiatus in more neutral territory. The index, which ranges from 0 to 100, is calculated based on several critical components: volatility (25%), market trading volume (25%), social media engagement (15%), market research (15%), Bitcoin’s market dominance (10%), and a Google trends analysis (10%). Such a significant change highlights a revived positive sentiment among investors and traders, possibly pointing towards increased market activity and assertiveness in trading behaviors. Source: https://en.coinotag.com/breakingnews/bitcoin-dominates-as-crypto-market-sentiment-hits-two-month-high-greed-index-at-61/

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Filed under: News - @ September 27, 2024 1:21 am