Fear and Greed Index rises to 56, entering greed zone
- —The index rose from 50 to 56 in a day
- —Values above 50 indicate greed, below indicate fear
- —The calculation includes volatility and volume (25% each), social media (15%), BTC dominance and search trends (10% each)
- —The index reflects sentiment mainly on bitcoin, not altcoins
Why it matters: The index's rise signals a return of risk appetite, but does not guarantee continued price gains.
Source: TokenPost