Cryptocurrency Fear And Greed Index Shows Shift In Market Sentiment

According to BlockBeats, the Alternative data indicates that the cryptocurrency Fear and Greed Index has decreased to 71 on January 27, compared to last week's average of 76. This change reflects a shift in market sentiment from 'extreme greed' to 'greed.' The Fear and Greed Index, which ranges from 0 to 100, is calculated based on several factors: volatility (25%), market trading volume (25%), social media trends (15%), market surveys (15%), Bitcoin's market dominance (10%), and Google search trends (10%).