Crypto 'Fear and Greed Index' Hovers at 29, Signaling Continued Market Fear
CryptoNewsTerminal Staff04 Jul, 2024
Crypto 'Fear and Greed Index' Hovers at 29, Signaling Continued Market Fear
The Crypto Fear and Greed Index, a measure of market sentiment, has remained at 29, indicating that fear continues to dominate the market. The index plunged by 15 points from the previous day, reflecting a significant shift in sentiment. Calculated using six factors — volatility, trading volume, social media mentions, surveys, Bitcoin's market dominance, and Google search volume — the index fluctuates between 0 (extreme fear) and 100 (extreme greed). A reading near 0 suggests heightened fear, while a reading near 100 indicates excessive optimism. The persistent fear in the market is a reflection of ongoing uncertainty and volatility. Investors are cautious due to factors such as regulatory concerns, geopolitical tensions, and the broader economic climate.
