Index takes into account social media mentions, volatility and other factors
traders are getting greedy once again as the largest cryptocurrency approaches the $24,000 mark. The cryptocurrency is on track to secure a massive green candle this January, starting the new year with a bang after a string of disappointments in 2022.
The Bitcoin Fear and Greed Index gauges emotions in the Bitcoin market, ranging from 0 to 100 . On Jan. 30, the index stood at 61, reflecting growing greed. The Bitcoin Fear and Greed Index has been widely followed since its inception, with many investors and market participants using it as a key reference point. The index has proven to be an effective tool for gauging market sentiment, providing a snapshot of emotions on the cryptocurrency market.
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