Crypto 'Fear and Greed Index' Still Indicates Fear, Stands at 28

IconCryptoNewsTerminal Staff09 Jul, 2024

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Crypto 'Fear and Greed Index' Still Indicates Fear, Stands at 28

Cryptocurrency data provider Alternative.me's proprietary "Fear and Greed Index" stood at 28, up 1 point from the previous day. While this indicates a slight improvement in sentiment, the market remains in the "Fear" phase. The index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), survey (15%), Bitcoin market cap ratio (10%), and Google search volume (10%). When the index is closer to 0, it indicates extreme fear in the market, while a value closer to 100 represents extreme optimism. The current value of 28 suggests that fear continues to dominate the cryptocurrency market, despite the slight uptick from the previous day. Investors remain cautious and are likely waiting for more positive signals before diving back into the market.

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