Crypto Fear & Greed Index Hits 70 as Market Enters Greed Phase
– The Crypto Fear & Greed Index hit 70, indicating a ‘Greed’ phase with heightened investor optimism in digital assets.
– The index combines six factors (volatility, social media, Bitcoin dominance) to gauge market sentiment and buying pressure.
– Historically, extreme greed scores often precede market corrections or consolidation due to profit-taking and overvaluation risks.
– Bitcoin’s dominance reinforces positive sentiment, reflecting investor preference for established cryptocurrencies during uncertainty.
– Analysts caution the index should complement—not replace—fundamental/technical analysis for informed trading decisions.
