Crypto 'Fear & Greed Index' 29... Fear Continues
CryptoNewsTerminal Staff14 Aug, 2024
Crypto 'Fear & Greed Index' 29... Fear Continues
Crypto data provider Alternative's self-estimated "Fear & Greed Index" recorded 29, down 1 point from the previous day. The fear phase continued. 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 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%). The market is currently in a state of fear, which is likely due to the recent volatility in the cryptocurrency markets. The price of Bitcoin has been falling in recent weeks, and other cryptocurrencies have followed suit. This volatility has spooked some investors, who are now selling their cryptocurrencies out of fear of losing money. It is important to remember that the cryptocurrency market is still in its early stages of development. There will be volatility in the market, and there will be times when the market is in a state of fear. However, it is important to stay calm and not make any rash decisions. If you believe in the long-term potential of cryptocurrencies, then you should hold on to your investments.
