COINOTAG News reports, citing Alternative Data, that the cryptocurrency fear and greed index sits at 28, unchanged from yesterday, signaling a shift away from extreme fear while remaining in the fear band.
The fear and greed index operates on a 0-100 scale and consolidates six indicators: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%).
As sentiment eases from extreme fear, traders may adopt a cautious posture, with market mood lingering in the fear territory rather than signaling a strong uptrend. This dynamic informs risk assessment and positioning within cryptocurrency markets.
Source: https://en.coinotag.com/breakingnews/bitcoin-dominance-keeps-crypto-in-fear-range-as-fear-greed-index-stays-at-28-on-nov-30
