Crypto Fear and Greed Index Drops to 55 as Market Greed Sentiment Recedes Sharply

BlockBeats News, August 2 — According to Alternative data, today’s Crypto Fear and Greed Index stands at 55 (down from 65 yesterday), indicating a significant decline in market “greed” sentiment.

Note: The Fear and Greed Index ranges from 0 to 100 and is composed of the following indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s dominance in the overall market (10%), and Google trend analysis (10%).