Crypto 'Fear-Greed Index' at 51...shifts to neutral
Crypto data provider Alternative's self-estimated "Fear-Greed Index" fell four points from the previous day to 51. The index moved from greed to neutral as sentiment worsened. 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%). Meanwhile, the spot price of Bitcoin is below 63K at the time of writing.