Crypto 'Fear and Greed Index' Drops, Indecisiveness Worsens

IconCryptoNewsTerminal Staff17 Jul, 2024

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Crypto 'Fear and Greed Index' Drops, Indecisiveness Worsens

Alternative, a cryptocurrency data provider, has recorded a ‘Fear and Greed Index’ of 61, an 8-point decline from the previous day. This signals a shift towards greater indecisiveness in the market, but the overall greed phase remains intact. The Fear and Greed Index measures market sentiment using various indicators, including volatility, volume, SNS mention volume, surveys, Bitcoin market cap ratio, and Google search volume. It ranges from 0 (extreme fear) to 100 (extreme greed). Analysts observe that the index value has been hovering around the 60-mark for an extended period, indicating a prolonged state of uncertainty among investors. While the market remains somewhat optimistic, caution and indecision prevail. Monitoring the Fear and Greed Index can provide valuable insights into market sentiment and potential price movements. However, investors are advised to conduct thorough research and consider multiple factors before making investment decisions.

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