Crypto Fear & Greed Index falls to 42, entering ‘Fear’ zone

The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 42 as of Oct. 2, down eight points from the previous day. Amid weakened sentiment, the index shifted from “Neutral” to “Fear” territory. The index ranges from 0 to 100 where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%) and Google Trends (10%).