Bitcoin shows relative strength, with the Fear and Greed Index climbing against the trend to 63.

BlockBeats news, October 16th - Yesterday and this morning, Bitcoin showed a strong trend relative to US stocks. Despite a significant pullback under multiple bearish stimuli, it narrowly held the $80,000 mark. Possibly influenced by this, crypto market sentiment heated up rather than declined.

According to Alternative.me data, today's Crypto Fear & Greed Index rose to 63 (yesterday it was 53), indicating the market has shifted from a "neutral state" to a "greed state."

Note: The Fear Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google keyword analysis (10%).