Crypto 'Fear & Greed Index' at 26... Fear Continues
CryptoNewsTerminal Staff01 Sep, 2024
Crypto 'Fear & Greed Index' at 26... Fear Continues
The 'Fear & Greed Index' created by Alternative.me, a cryptocurrency data provider, has remained at 26 since the previous day. The index measures market sentiment and is currently indicating extreme fear. It remains within the fear phase amidst heightened market indecision. The Fear & Greed Index ranges from 0 to 100, with values closer to 0 representing extreme fear and those closer to 100 signifying extreme optimism. As of now, the index suggests that investors are feeling apprehensive about the market. The index takes into account various factors to calculate market sentiment, including volatility, trading volume, social media mentions, surveys, the Bitcoin market cap ratio, and Google search volume.Each of these factors holds a different weighting in the calculation, with volatility and trading volume carrying the most influence at 25% each, followed by social media mentions at 15%, surveys at 15%, the Bitcoin market cap ratio at 10%, and Google search volume at 10%. This persistent fear in the market highlights the uncertainty and apprehensive sentiment among investors. It remains to be seen how the market will evolve and whether this fear will give way to more positive sentiment in the future.
