Crypto Fear and Greed Index Hits 63, Market Remains in 'Greed' Zone

In Brief:

The index rose to 63 from 61, signaling continued bullish sentiment.

Current market mood still classified as "greed" based on key trading and social metrics.

As of June 14, the cryptocurrency Fear and Greed Index stands at 63, up slightly from 61 the previous day, according to data from Alternative.me. This places the market firmly in the "greed" zone, indicating ongoing positive sentiment among investors. The index is derived from a blend of factors including volatility, trading volume, social media activity, market surveys, Bitcoin dominance, and Google Trends data. A score above 50 typically reflects increased risk appetite, often seen during market uptrends or bullish phases.

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