Crypto Fear & Greed Index: Deteriorating Sentiment at 67

IconCryptoNewsTerminal Staff29 Jul, 2024

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Crypto Fear & Greed Index: Deteriorating Sentiment at 67

The Crypto Fear & Greed Index, a measure of market sentiment, has dropped to 67, indicating a deterioration in sentiment. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), is calculated using a variety of factors, including volatility, trading volume, and social media sentiment. The current reading of 67 suggests that the market is still in a state of greed, but that sentiment is beginning to turn more negative. This is likely due to a number of factors, including the recent market downturn and the ongoing regulatory uncertainty surrounding cryptocurrencies. It is important to note that the Fear & Greed Index is just one measure of market sentiment and should not be taken as a definitive indicator of future price movements. However, it can be a useful tool for gauging the overall mood of the market and identifying potential turning points.

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