Crypto 'Fear & Greed Index' at 74, Transitioning from Extreme Greed to Greed
CryptoNewsTerminal Staff24 May, 2024
Crypto 'Fear & Greed Index' at 74, Transitioning from Extreme Greed to Greed
Cryptocurrency data provider Alternative's in-house "Fear & Greed Index" recorded 74, down 2 points from the previous day. As risk aversion increased, it transitioned from the extreme greed phase to the greed phase. This index indicates extreme fear in the market as it approaches 0 and extreme optimism as it approaches 100. The "Fear & Greed Index" is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), surveys (15%), Bitcoin market capitalization ratio (10%), and Google search volume (10%). ```
