Cryptocurrency's 'Fear and Greed Index' Transitions from Neutral to Greed

IconCryptoNewsTerminal Staff25 Aug, 2024

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Cryptocurrency's 'Fear and Greed Index' Transitions from Neutral to Greed

Alternative, a cryptocurrency data provider, has reported that its famous 'Fear and Greed Index' has increased by 1 point from the previous day to 55. The index has transitioned from a neutral stage to a greed stage as indecision improves. When the index is closer to 0, it indicates extreme fear in the market, and when it is closer to 100, it indicates extreme optimism. The fear and 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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