Cryptocurrency Market Greed Index Shows Decline

According to BlockBeats, the cryptocurrency Fear and Greed Index has decreased to 62 from 64, indicating a cooling of market greed. The index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google search trends (10%).