Crypto 'Fear and Greed Index' at 74... Fear Persists
CryptoNewsTerminal Staff17 May, 2024
Crypto 'Fear and Greed Index' at 74... Fear Persists
Alternative, a cryptocurrency data provider, has calculated its own 'Fear and Greed Index' which has increased by 4 points from the previous day, reaching 74. Greed continues as sentiment improves. The index indicates extreme fear in the market when it is closer to 0, and extreme optimism when it is closer to 100. The fear and greed index is calculated based on volatility (25%), volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap share (10%), and Google search volume (10%). ```
