Crypto Fear & Greed Index Falls to 8, Deepening Extreme Fear
Summary
- The cryptocurrency market's investor sentiment deteriorated further within the extreme fear zone.
- As of June 8, Alternative's cryptocurrency Fear & Greed Index stood at 8, down 4 points from 12 a day earlier.
- The Fear & Greed Index is calculated using factors including volatility, market trading volume, social media interest, market surveys, Bitcoin dominance and Google search trends.
Forecast Trend Report by Period
Investor sentiment in the cryptocurrency market worsened further, remaining firmly in extreme fear. Weakening spot demand for Bitcoin and concerns about greater price volatility fueled risk aversion across the market.
Alternative's Crypto Fear & Greed Index stood at 8 on June 8, down 4 points from 12 the previous day.
The index is calculated on a scale of 0 to 100. The lower the reading, the stronger the market's sense of fear. The current reading remains in the extreme fear range.
The Fear & Greed Index reflects volatility, trading volume, social media interest, market surveys, Bitcoin dominance and Google search trends. Volatility and trading volume each account for 25%, social media interest and market surveys each make up 15%, and Bitcoin dominance and Google search analysis each carry a 10% weighting.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
