The cryptocurrency fear and greed index has risen to 55, market sentiment has shifted from fear to greed

According to Alternative data, the Cryptocurrency Fear and Greed Index rose to 55 today, up from 28 last week, indicating a shift in market sentiment from fear to greed. Previous data showed that the Fear and Greed Index was at 72 in July and dropped to 28 last week. After experiencing a sharp drop at the beginning of the month, market sentiment gradually warmed up. Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Heat (15%) + Market Survey (15%) + Bitcoin's Proportion in the Entire Market (10%) + Google Hot Word Analysis (10%).