Cryptocurrency Fear and Greed Index Drops to 59, Market Still in "Greed" State

BlockBeats News Update, May 6: According to Alternative data, today's Crypto Fear and Greed Index has dropped to 59 from yesterday's 52 (last week's average was 60), putting market sentiment in a "Greed" state.

Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).