Crypto 'Fear & Greed Index' 69...Bearish Sentiment Deteriorates Slightly

IconCryptoNewsTerminal Staff23 Jul, 2024

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Crypto 'Fear & Greed Index' 69...Bearish Sentiment Deteriorates Slightly

Alternative's proprietary 'Fear & Greed Index' has fallen by 2 points from the previous day, recording 69. Bearish sentiment has deteriorated slightly, but the index remains in the greed phase. The index indicates extreme fear in the market when it approaches 0 and extreme optimism when it approaches 100. The Fear & Greed Index is calculated based on volatility, trading volume, social media mentions, surveys, Bitcoin's market cap share, and Google search volume. It uses the following weightage: Volatility (25%) Trading Volume (25%) Social media mentions (15%) Surveys (15%) Bitcoin market cap share (10%) Google search volume (10%)

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