The post Crypto Fear & Greed Index Continues To Fluctuate At Neutral, Where Are We Headed Next? appeared on BitcoinEthereumNews.com.

The Bitcoin and general crypto market crash has sent investors spiraling and sentiment has completed been eroded as a result of this. The Crypto Fear & Greed Index, which measures investor sentiment, has plummeted during this time. But with the fluctuation in the Bitcoin price, investors remain indecisive on their view of the market. Crypto Fear & Greed Index Struggles At Neutral The Crypto Fear & Greed Index uses a number scale to show how investors are viewing the market at any given time. It takes into account a number of indicators, ranging from volatility to social media sentiment, market momentum, market volume, dominance, and trends. By taking an aggregate of these data, the index then ranks crypto investor sentiment ranging from 1-100. Between 1 and 24 puts the sentiment at Extreme Fear, and between 24 and 46 puts it at Fear. From 47 to 53 is Neutral, 54 to 74 is Greed, and 75 to 100 is Extreme Greed. Each of these categories represent how investors are feeling at a given time and helps to shows whether it’s a good time to buy or not. When the index is in Greed, it usually means that the market will be correcting soon, and when it’s in Extreme Fear, it is usually a time to buy. However, right now, the index is at a score of 53, which represents the neutral level. What this means is that investors are not currently particularly bullish or bearish, and rather, remain undecided as to what they are going to do next. In cases such as this, the crypto market is susceptible to large fluctuations in price. This can also mean very high volatility as investors take positions on either side. However, this gives all investors equal opportunity to move their market in their favor.…

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Filed under: News - @ July 2, 2024 5:14 am