Crypto 'Fear & Greed Index' Hovers at 70, Indicating Slightly Deteriorating Sentiment

IconCrypto News Terminal26 Apr, 2024

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Crypto 'Fear & Greed Index' Hovers at 70, Indicating Slightly Deteriorating Sentiment

Crypto Fear & Greed Index at 70: Crypto data provider Alternative's self-proclaimed 'Fear & Greed Index' recorded 70, down 2 points from the previous day. Sentiment deteriorated slightly, but the greed phase continued. The index indicates extreme market fear 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%). Previously on April 25, 2024 - "Crypto Fear & Greed Index at 70: Crypto data provider Alternative's self-proclaimed 'Fear & Greed Index' recorded 70, down 2 points from the previous day. Sentiment deteriorated slightly, but the greed phase continued. The index indicates extreme market fear 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%)."

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