Crypto Fear and Greed Index: Fear Returns As Market Uncertainty Worsens
CryptoNewsTerminal Staff15 Sep, 2024
Crypto Fear and Greed Index: Fear Returns As Market Uncertainty Worsens
Cryptocurrency market sentiment has taken a turn for the worse, as indicated by the latest reading of the widely followed Fear and Greed Index. The index, produced by data provider Alternative.me, measures market sentiment based on factors such as volatility, trading volume, social media mentions, and Bitcoin's market dominance. A reading of 0 indicates extreme fear, while 100 represents extreme greed. On Tuesday, the Fear and Greed Index plunged to 39, down 12 points from the previous day and back into the "fear" zone. This marks a reversal from last weekend, when the index briefly touched the "neutral" level. The sharp decline in the Fear and Greed Index suggests that investors are becoming increasingly uncertain about the future of the cryptocurrency market. The ongoing regulatory uncertainty in the United States and other jurisdictions, as well as recent price volatility, may be contributing to this shift in sentiment.
