Data shows the Bitcoin market sentiment has returned to neutral today for the first time in September.
Bitcoin Fear & Greed Index Has Surged Into Neutral Territory
The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin and broader cryptocurrency market. This metric uses a numeric scale from zero to hundred to represent this sentiment.
According to its creator, Alternative, the index’s value is based on these factors: volatility, trading volume, market momentum, social media sentiment, market cap dominance, and Google Trends.
When the value of this metric is 54 or greater, it means that the investors share a sentiment of greed right now. On the other hand, a value of 47 or lower implies the overall market mentality is that of fear.
The in-between region implies a state of neutrality in the sector, where the traders are evenly split on the cryptocurrency. Now, here is what the value of the Bitcoin fear & greed ind
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