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The Crypto Assets Fear and Greed Index rose slightly to 71, remaining in the 'Greed' range.
The Crypto Assets Fear and Greed Index provided by the software development platform Alternative was at 71 as of May 16, rising slightly from the previous day. Against the backdrop of improved sentiment, the index remains in the 'Greed' range.
The index ranges from 0 to 100, where 0 indicates extreme fear and 100 indicates extreme greed. The fear and greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys.
(15%), Bitcoin's dominant position (10%) and Google Trends (10%).