Data from Alternative on October 29 reveals that the cryptocurrency Fear and Greed Index currently stands at 72, remaining unchanged from the previous day. This indicates a sustained high level of market sentiment, with the 'Greed' sentiment persisting for two consecutive weeks. The Fear and Greed Index operates on a scale of 0 to 100 and assesses various indicators: volatility accounts for 25%, market trading volume also contributes 25%, while social media activity represents 15%.

Additionally, market surveys hold a 15% weight, Bitcoin's market dominance adds 10%, and Google Trends data rounds out the index with another 10%..