Crypto 'Fear and Greed Index' Remains in Fear Zone, Stands at 29 for Second Day

IconCryptoNewsTerminal Staff10 Jul, 2024

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Crypto 'Fear and Greed Index' Remains in Fear Zone, Stands at 29 for Second Day

Alternative.me, a crypto data provider, has calculated its "Fear and Greed Index" at 29 for the second consecutive day. This reading indicates that the market remains in the fear zone as per the index which ranges from 0 to 100, with 0 signifying extreme fear and 100 denoting extreme greed. Various metrics contribute to the Fear and Greed Index's calculation: volatility (25%), trading volume (25%), social media sentiment (15%), surveys (15%), Bitcoin's market dominance (10%), and Google Trends (10%). Despite the index remaining in the fear zone, the market shows resilience as it continues to trade in a range. However, investors are urged to exercise caution and make informed decisions.

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