Crypto Fear & Greed Index at 74... Greed Persists

IconCryptoNewsTerminal Staff28 Jul, 2024

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Crypto Fear & Greed Index at 74... Greed Persists

The 'Fear & Greed Index', a proprietary estimate created by crypto data provider Alternative, increased by 3 points yesterday to reach 74. The greed phase continues. When the index is closer to 0, it indicates extreme fear in the market, while when it is closer to 100, it indicates extreme optimism. The Fear & Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap share (10%), and Google search volume (10%). This suggests that despite recent market volatility, investors remain optimistic about the long-term prospects of cryptocurrency. However, it is important to note that the Fear & Greed Index is a sentiment indicator and should not be used as the sole basis for investment decisions.

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