Cryptocurrency Fear & Greed Index Drops to 60, Still Rated as Greed

BlockBeats News, February 2nd, according to Alternative data, today's cryptocurrency fear and greed index dropped to 60 (down from last week's peak of 84), indicating a slight decrease in market "greed" sentiment.

Note: The fear index threshold is 0-100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Sentiment (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).