Crypto Fear & Greed Index Remains in Fear Zone at 28

IconCryptoNewsTerminal Staff07 Jul, 2024

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Crypto Fear & Greed Index Remains in Fear Zone at 28

The crypto fear and greed index has declined one point to 28, indicating that the market is still in a state of fear. This index is a composite measure of market sentiment, incorporating volatility, trading volume, social media mentions, surveys, bitcoin dominance, and Google Trends data. A value closer to 0 represents extreme fear, while a value closer to 100 indicates extreme greed. The index has been in the fear zone since June 13, when it reached a low of 8. This was the lowest level the index has reached since March 2020, during the height of the COVID-19 pandemic. The current level of fear is likely due to a number of factors, including the recent decline in crypto prices, the ongoing regulatory uncertainty, and the general economic downturn.

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