Fear & Greed Index ‘Extreme Fear → Neutral’ in One Day… What’s the Next Step?
CryptoNewsTerminal Staff08 Aug, 2024
Fear & Greed Index ‘Extreme Fear → Neutral’ in One Day… What’s the Next Step?
Cryptocurrency data provider Alternative's proprietary "Fear & Greed Index" recorded 48, up 28 points from the previous day. As indecision improved, it transitioned from the extreme fear stage to the neutral stage in just one day. If the index is closer to 0, it indicates extreme fear in the market, and if it is closer to 100, it means extreme optimism. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), SNS mentions (15%), survey (15%), bitcoin market cap ratio (10%), and Google search volume (10%).
