Crypto 'Fear and Greed Index' at 26...Fear Persists
CryptoNewsTerminal Staff20 Aug, 2024
Crypto 'Fear and Greed Index' at 26...Fear Persists
The cryptocurrency market remains in the grip of fear, according to the latest 'Fear and Greed Index' from Alternative. The index, which measures market sentiment, fell by 4 points from the previous day to 26, indicating that fear is still prevalent among investors. The index is calculated based on six factors: volatility, trading volume, SNS mentions, surveys, Bitcoin market cap ratio, and Google search volume. When the index is closer to 0, it indicates extreme fear, while a reading closer to 100 indicates extreme optimism. The current reading of 26 suggests that the market is still in the fear stage, with investors still cautious about investing in cryptocurrencies. This is likely due to a number of factors, including the recent sell-off in the cryptocurrency market, the ongoing regulatory uncertainty, and the wider economic uncertainty caused by the COVID-19 pandemic.
