Crypto Fear & Greed Index Stalls at 26, Indicating Persistent Market Uncertainty
CryptoNewsTerminal Staff02 Sep, 2024
Crypto Fear & Greed Index Stalls at 26, Indicating Persistent Market Uncertainty
The Alternative's proprietary 'Fear & Greed Index' has recorded a value of 26 for three consecutive days, indicating that fear persists in the cryptocurrency market. The index, which measures market sentiment based on factors such as volatility, trading volume, and social media mentions, ranges from 0 (extreme fear) to 100 (extreme optimism). With the index remaining in the fear zone, it suggests that investors remain cautious amidst ongoing market uncertainty. The extended period of fear is a reflection of factors such as macroeconomic conditions, regulatory concerns, and the recent collapse of major crypto firms like FTX.
