Crypto ‘Fear and Greed Index’ 29: Moving from Extreme Fear to Fear
CryptoNewsTerminal Staff06 Aug, 2024
Crypto ‘Fear and Greed Index’ 29: Moving from Extreme Fear to Fear
The ‘Fear and Greed Index’ by crypto data provider Alternative has recorded 29, a rise of 12 points from the previous day. Subsequently, the index has transitioned from Extreme Fear to Fear. The index signifies extreme fear when it is closer to 0 and extreme optimism when it is closer to 100. Calculating the Fear and Greed Index involves various factors: Volatility (25%) Trading volume (25%) Social media mentions (15%) Surveys (15%) Bitcoin market cap ratio (10%) Google search volume (10%) The movement from Extreme Fear to Fear indicates a slight shift in investor sentiment. However, it is crucial to note that the market remains cautious due to macroeconomic factors and geopolitical uncertainties.
