Bitcoin Fear & Greed Index Rises to 74, Remaining in 'Greed' Zone
- —Index climbed from 71 to 74 in one day
- —Scale runs 0-100: 0 is extreme fear, 100 is extreme greed
- —Inputs include BTC volatility (25%), momentum and volume (25%), social media (15%)
- —Alternative.me plans a separate index for altcoins
Why it matters: The gauge reflects market sentiment: a reading of 74 signals prevailing greed, which historically raises the risk of a pullback.
Source: TokenPost