Crypto's 'Fear and Greed Index' Hits 23...Extreme Fear Continues
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Alternative, a cryptocurrency data provider, reported its own "Fear and Greed Index," which rose one point from the previous day to 23. This indicates a continued level of extreme fear. A value closer to 0 indicates extreme fear in the market, while a value closer to 100 indicates extreme optimism. The Fear and Greed Index is calculated based on factors such as volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap share (10%), and Google search volume (10%).
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