Crypto Fear & Greed Index falls to 60, staying in ‘Greed’

The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 60 as of Aug. 5, down four points from the previous day. Amid weaker sentiment, the index remained in the “Greed” zone. The index ranges from 0 to 100 where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear and 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%). Currently, surveys are paused.