Crypto Fear & Greed Index falls to 20, entering ‘Extreme Fear’ zone

The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 20, down nine points from yesterday. Amid weakened sentiment, the index moved from the “Fear” zone to the “Extreme Fear” zone. 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%).