Crypto 'Fear & Greed Index' at 61: Uncertainty Intensifies

IconCryptoNewsTerminal Staff30 Jul, 2024

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Crypto 'Fear & Greed Index' at 61: Uncertainty Intensifies

The 'Fear & Greed Index' by Alternative.me, a cryptocurrency data provider, has witnessed a decline of 6 points to reach 61, indicating heightened uncertainty in the market. Despite the drop, the index remains within the 'greed' stage. The index gauges market sentiment through various indicators, including volatility, trading volume, social media engagement, surveys, Bitcoin's market cap share, and Google search volume. A reading close to 0 reflects extreme fear, while a reading near 100 denotes extreme optimism. The decline in the index highlights the ongoing market volatility and wariness among investors. However, the 'greed' stage suggests that the market is still driven by optimistic expectations of future growth.

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