Crypto 'Fear & Greed Index' Jumps to 31, Transitioning from Extreme Fear to Fear
CryptoNewsTerminal Staff12 Aug, 2024
Crypto 'Fear & Greed Index' Jumps to 31, Transitioning from Extreme Fear to Fear
Alternative's 'Fear and Greed Index', which is independently estimated, rose by 6 points from the previous day to 31. As indecision improved slightly, the index transitioned from the extreme fear stage to the fear stage. The index indicates extreme fear in the market when it is close to 0 and extreme optimism when it is close to 100. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market cap ratio (10%), and Google search volume (10%).
