[Bitcoin Shows Relative Strength, Fear and Greed Index Climbs Against the Trend to 63] BlockBeats News, October 16 — As of yesterday and early this morning, Bitcoin demonstrated strong performance relative to U.S. stocks. Despite facing multiple bearish factors and experiencing a noticeable pullback, it narrowly held the $80,000 threshold. This may have influenced the crypto market sentiment, which unexpectedly rose instead of declining. According to data from Alternative.me, the cryptocurrency Fear and Greed Index climbed to 63 today (compared to 53 yesterday), indicating a shift in market sentiment from 'neutral' to 'greedy.' Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Sentiment (15%) + Market Surveys (15%) + Bitcoin's Market Share (10%) + Google Trend Analysis (10%). [Original Link]