Crypto Fear and Greed Index Falls to 71, Remains in Greed Territory
Summary
- Alternative, a crypto data provider, said the Crypto Fear and Greed Index stood at 71, keeping the market in greed territory.
- As of 9 a.m., Bitcoin (BTC) was trading at $83,680, up 0.21% from the previous day.
- Most altcoins, including Ether (ETH) and BNB, were weaker, while Solana alone rose 0.40%.
Forecast Trend Report by Period
Alternative, a cryptocurrency data provider, said on September 30 that the Crypto Fear and Greed Index fell 2 points from a day earlier to 71.
As of 9 a.m., Bitcoin (BTC) was trading at $83,680 on CoinMarketCap, up 0.21% from the previous day.
Altcoins were also mostly weaker. At the same time, Ether (ETH) fell 0.42% and BNB declined 0.61%. Other major cryptocurrencies, including XRP (-0.42%), Tron (-0.35%), Hyperliquid (-1.54%) and Zcash (-4.10%), were also lower, with Solana (+0.40%) the only exception.
The Fear and Greed Index is a measure of market sentiment. A reading closer to 0 indicates extreme fear, while one closer to 100 indicates extreme greed. The index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market-cap dominance (10%) and Google search trends (10%).
Bloomingbit Newsroom
news@bloomingbit.ioFor news reports, news@bloomingbit.io