Crypto 'Fear and Greed Index' at 50... Neutral Transition After 17 Days
CryptoNewsTerminal Staff13 Sep, 2024
Crypto 'Fear and Greed Index' at 50... Neutral Transition After 17 Days
The Alternative, a cryptocurrency data provider, has recorded its 'Fear and Greed Index' at 50. This indicates a transition to a neutral state for the first time in 17 days. The index, which ranges from 0 (extreme fear) to 100 (extreme optimism), has risen by 18 points since yesterday. The index gauges market sentiment by considering various factors such as volatility, trading volume, social media mentions, surveys, Bitcoin market cap share, and Google search volume. Currently, sentiment is balanced, reflecting a neutral market outlook.
