Cryptocurrency Fear And Greed Index Drops To 33 Indicating Increased Market Fear

According to BlockBeats, on September 17, data from Alternative shows that the Cryptocurrency Fear and Greed Index has dropped to 33, down from 39 the previous day, indicating a rise in market fear. The Fear and Greed Index, which ranges from 0 to 100, is a composite measure that includes several indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's dominance in the overall market (10%), and Google Trends data (10%). This index is used to gauge the overall sentiment in the cryptocurrency market, with lower values indicating fear and higher values indicating greed.