Crypto Fear & Greed Index Drops to 8 as Extreme Fear Intensifies
Summary
- The cryptocurrency market's investor sentiment worsened further in the extreme fear zone.
- Alternative's crypto Fear & Greed Index fell to 8 from 12 a day earlier.
- The index remains in the extreme fear zone, highlighting growing risk aversion across the market.
Forecast Trend Report by Period
Investor sentiment in the cryptocurrency market worsened further within the extreme fear zone. Weakening spot demand for Bitcoin and concerns over greater price volatility are fueling risk aversion across the market.
Alternative's Crypto Fear & Greed Index stood at 8 on June 8, down 4 points from 12 a day earlier.
The index is calculated on a scale of 0 to 100. Lower readings indicate stronger fear in the market. The current level remains in the extreme fear range.
The Fear & Greed Index incorporates volatility, trading volume, social media interest, market surveys, Bitcoin dominance and Google search trends. Volatility and trading volume each account for 25%, while social media interest and market surveys each make up 15%. Bitcoin dominance and Google search analysis each carry a 10% weighting.
