Crypto Fear and Greed Index slips to 70, still in 'Greed' zone
- —Index fell 4 points, from 74 to 70
- —Reading of 70 still falls in the 'Greed' zone
- —Bitcoin-weighted: volatility and volume each account for 25%
- —Survey component is no longer used in the calculation
Why it matters: The index gauges market sentiment but does not directly signal capital flows or price direction.
Source: TokenPost