According to recent data from COINOTAG News on June 14, the cryptocurrency market’s Fear and Greed Index has risen slightly to 63 from the previous 61, signaling a sustained greed-driven sentiment among investors. This index, which ranges from 0 to 100, aggregates multiple critical market indicators including volatility and trading volume, each contributing 25%, alongside social media sentiment and market surveys at 15% each. Additionally, Bitcoin’s market dominance and Google Trends analysis account for 10% each, providing a comprehensive gauge of market psychology. The current elevated index level suggests that market participants remain optimistic, potentially influencing trading strategies and risk management decisions. Monitoring this index is essential for investors aiming to navigate the crypto market’s cyclical nature with informed precision.
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