Cryptocurrency Fear and Greed Index Stabilizes at 71

According to BlockBeats, data from Alternative on June 17th shows that the cryptocurrency fear and greed index for the day is 71, the same as the previous day, indicating a stabilization in market greed sentiment. The fear index ranges from 0-100 and includes the following indicators: volatility (25%), market trading volume (25%), social media heat (15%), market survey (15%), Bitcoin's proportion in the entire market (10%), and Google hot word analysis (10%). These factors collectively provide a comprehensive view of the market's current state of fear or greed. The fear and greed index is a tool used by traders and investors to gauge the market's emotional state. A high index value signifies greed, which suggests that the market may be due for a correction, while a low value indicates fear, which could signal a buying opportunity. The index's stabilization at 71 suggests that the market's greed sentiment is currently steady.