Crypto Fear & Greed Index Still in Fear Territory
CryptoNewsTerminal Staff03 Sep, 2024
Crypto Fear & Greed Index Still in Fear Territory
The 'Fear & Greed Index' is a measure of market sentiment that takes into account volatility, trading volume, SNS mentions, surveys, Bitcoin market cap ratio, and Google search volume. The index ranges from 0 to 100, with 0 indicating extreme fear and 100 indicating extreme optimism. Currently, the index is at 27, indicating that the market sentiment is still leaning towards fear. This is a increase of 1 point from the previous day. The index has been in fear territory for most of the past few months, as the cryptocurrency market has been struggling due to a number of factors, including the ongoing war in Ukraine, rising interest rates, and concerns about the global economy. Despite the recent uptick in the index, it is still too early to say whether the market sentiment has shifted. It is possible that the index could continue to rise in the coming days, but it is also possible that it could fall back into fear territory. Only time will tell where the market goes from here.
