Crypto Fear and Greed Index rises to 74, stays in greed zone
- —Index climbed 4 points in a day, from 70 to 74
- —It is 1 point short of the 75 extreme-greed threshold
- —BTC volatility and market momentum/volume each carry 25% weight
- —The index is compiled by Alternative.me and is BTC-centric
Why it matters: The gauge tracks sentiment rather than price direction, so traders should cross-check it against volume and volatility data.
Source: TokenPost