Crypto Fear and Greed Index Sinks to 31, Reflecting Extreme Fear
CryptoNewsTerminal Staff11 Sep, 2024
Crypto Fear and Greed Index Sinks to 31, Reflecting Extreme Fear
Cryptocurrency investors remain gripped by fear as the Fear & Greed Index has plunged to 31, indicating a steep 6-point drop from the previous day. This decline keeps the index firmly rooted in the 'Extreme Fear' zone, signaling a further downturn in market sentiment. The index employs a range of factors to calculate its score, including volatility, trading volume, social media sentiment, surveys, Bitcoin dominance, and Google Trends. With values ranging from 0 to 100, the index leans towards extreme fear when closer to 0 and extreme greed when approaching 100.
