Crypto "Fear and Greed Index" 26...Fear Continues
CryptoNewsTerminal Staff04 Aug, 2024
Crypto "Fear and Greed Index" 26...Fear Continues
The "Fear and Greed Index" has dropped by 8 points from the previous day, reaching 26, according to an announced report by Alternative, a provider of cryptocurrency data. This indicates that the market is experiencing extreme fear, as the index approaches 0, which represents extreme fear, and 100, which represents extreme greed. The index is calculated based on six factors: Volatility (25%), Market Momentum/Volume (25%), Social Media (15%), Surveys (15%), Bitcoin Dominance (10%), and Google Trends (10%). The recent drop in the index suggests that investors are becoming increasingly cautious amid concerns about FOMC, the Federal Reserve's monetary policy meeting, and a possible recession.
