Crypto 'Fear & Greed Index' 30: Fear Continues Despite Gains
CryptoNewsTerminal Staff13 Aug, 2024
Crypto 'Fear & Greed Index' 30: Fear Continues Despite Gains
Crypto data provider Alternative's proprietary 'Fear & Greed Index' has dropped by 1 point to 30, indicating that the market remains in the 'Fear' zone. The index ranges from 0 to 100, with 0 representing extreme fear and 100 representing extreme greed. The index is calculated based on a combination of factors, including volatility, trading volume, social media mentions, surveys, Bitcoin's market cap dominance, and Google search trends. Despite the recent gains in the cryptocurrency market, the 'Fear & Greed Index' remains in the 'Fear' zone. This suggests that investors are still hesitant to make large investments in cryptocurrencies. The index has been in the 'Fear' zone for most of the past year, suggesting that investors are still cautious about the long-term prospects of cryptocurrencies.
