'Fear and Greed Index' of Crypto Remains in Fear: What it Means for Investors

IconCryptoNewsTerminal Staff05 Jul, 2024

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'Fear and Greed Index' of Crypto Remains in Fear: What it Means for Investors

According to crypto data provider Alternative's own estimated 'Fear and Greed Index', it recorded 26, down 3 points from the previous day. The fear phase continued. The index is close to 0, indicating extreme fear in the market, and close to 100, indicating extreme optimism. The fear and greed index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), survey (15%), bitcoin market cap weight (10%), and Google search volume (10%). Investors should be aware of the risks associated with investing in cryptocurrencies and make informed decisions. The fear and greed index can be a useful tool in understanding market sentiment.

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