Bitcoin Fear & Greed Index Approaches Neutral Zone With Value of 56

Current data indicates that the Bitcoin Fear & Greed Index is nearing neutral territory, reflecting a cooldown in market sentiment.

Bitcoin Fear & Greed Index Overview

The Bitcoin Fear & Greed Index measures market sentiment based on trading volume, market cap dominance, social media sentiment, volatility, and Google Trends.
The index ranges from 0 to 100: values below 47 indicate fear, while those above 53 suggest greed.
Values between 47 and 53 reflect a neutral sentiment.
Extreme fear occurs below 25 and extreme greed above 75.

The current index value is 56, indicating slight greed among investors, down from 72 a week ago. This shift follows a recent stall in Bitcoin's price surge.

If Bitcoin maintains its sideways movement, the sentiment may drop further toward neutrality. Historically, market movements often oppose investor expectations, particularly when sentiment shifts occur.

Bitcoin Price Update

As of now, Bitcoin is priced around $93,800, showing a decline of over 1% in the last 24 hours.