Crypto 'Fear-Greed Index' at 46...neutral to fearful, altcoin seasonal index up 9 points.

Crypto 'Fear-Greed Index' at 46...neutral to fearful, altcoin seasonal index up 9 points.

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell one point from the previous day to 46. It moved from neutral to fear. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market capitalization (10%), and Google searches (10%).

Crypto 'Fear-Greed Index' at 46...neutral to fearful (Spoted Crypto)

Meanwhile, CoinMarketCap's Altcoin Season Index, a comprehensive information platform for cryptocurrencies, rose to 43 as of 9:30 a.m. ET, up 9 points from the previous day. The Altcoin Season Index is calculated by comparing the price appreciation rate between the top 100 coins by market capitalization (excluding stable-latent coins) and Bitcoin. If 75% of the top 100 coins have gained more than Bitcoin over the past 90 days, it's altcoin season, and vice versa. The closer it is to 100, the better the altcoin season.

Altcoin seasonal index up 9 points (Spoted Crypto)