Crypto fear and greed index falls to 18, shifting to extreme fear for first time since July

CoinMarketCap’s in-house Crypto Fear and Greed Index fell four points from yesterday to 18, marking a shift in market sentiment from fear to extreme fear for the first time since July 1, when the index also stood at 18. The index indicates more extreme fear as it moves closer to zero and more extreme optimism as it approaches 100. It is calculated based on volatility at 25%, trading volume at 25%, social media mentions at 15%, surveys at 15%, Bitcoin market cap dominance at 10% and Google search trends at 10%.