, the fear and greed index sits at 54 for the first time in three months, signaling that crypto investors are neither fearful nor greedy amid the current market conditions.The last time investors harbored a neutral sentiment was on January 28, 2024, when the price of BTC hovered around $42,000. At the time, BTC was, and the crypto market buzzed with excitement over the launch of the numerous spot Bitcoin exchange-traded funds, which U.S. authorities had greenlit over two weeks prior.
The fear and greed index determines the market sentiment by analyzing several factors, including bitcoin’s dominance, social media, market momentum, trends, and volatility. On a scale of 0 to 100, 0 indicates extreme fear, 50 signals neutrality, and 100 means extreme greed.
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